Thai PTT Asahi Chemical delays ACN plant start-up to August

22 July 2011 03:34  [Source: ICIS news]

SINGAPORE (ICIS)--PTT Asahi Chemical has delayed the start-up of its new 200,000 tonne/year acrylonitrile (ACN) plant in Map Ta Phut, Thailand, to August from July, a company source said on Friday.

The source declined to give reasons for the delay.

“ACN prices have been falling and any additional supply coming into the market now will put further pressure on the prices,” a trader said.

ACN spot prices were assessed at $2,350-2,400/tonne (€1,645-1,680/tonne) CFR (cost and freight) northeast (NE) Asia on 15 July, down by $100/tonne from mid-June, ICIS data showed.

The new ACN plant is a joint venture project between Thailand’s oil and gas major PTT and Japan’s Asahi Kasei Chemicals.

($1 = 0.70)

Please visit the complete ICIS plants and projects database

By: Helen Yan
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index