16 December 2011 07:03 [Source: ICIS news]
SINGAPORE (ICIS)--Thai producer PPT Global Chemical (PTTGC) has declared a force majeure (FM) on benzene supply from its Map Ta Phut-based aromatics plant on 15 December, said a company source on Friday.
The company was forced to shut its No 3 aromatics unit, which produces 360,000 tonnes/year of benzene and 616,000 tonnes/year of paraxylene (PX), early this week due to technical glitches.
PTTGC expects to restart the plant in about two weeks’ time in end-December, the source said.
Benzene availability in southeast Asia was lower this week because of the outage, supporting spot prices in the region, said traders.
Demand might increase as PTTGC would not be able to deliver cargoes it sold earlier to regional traders and supply to end-users in ?xml:namespace>
Spot benzene prices in Asia were hovering at about $1,030-1,040/tonne (€793-801/tonne) FOB (free on board)
($1 = €0.77)
Please visit the complete ICIS plants and projects database
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.
|ICIS news FREE TRIAL|
|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|
Asian Chemical Connections