22 July 2011 09:57 [Source: ICIS news]
SINGAPORE (ICIS)--PTT Asahi Chemical is delaying the start-up of its 70,000 tonne/year methyl methacrylate (MMA) plant in Map Ta Phut, ?xml:namespace>
The new start-up date is in conjunction with the plan to start operations at the company’s upstream acrylonitrile (ACN) plant at the same site next month, instead of July as originally planned, the source said.
Commissioning of the two plants started in May.
The delay in starting up the MMA plant may ease the price pressures on the southeast Asian markets given a seasonal lull in demand ahead of and during Ramadan – the Muslim fasting month that will start on 1 August, market players said.
Prices for MMA cargoes of more than 500 tonnes had fallen by $50-80/tonne (€35-56/tonne) in the past two weeks to $2,420-2,500/tonne CFR SE Asia on 15 July, according to ICIS data.
Thai oil and gas major PTT and
($1 = €0.70)
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