Thai PTT Aromatics and Refining PCL (PTTAR)'s No.2 BTX petrochemical complex is to come onstream with commercial production within one month. Capacities at the plant include 360,000 tpa of benzene of which about 20-50% will be allocated by contracts. The balance will be introduced in the spot market, leading to an oversupply situation. This will further worsen the oversupply situation and the bearish sentiments in the Asian benzene market. Prices have been further down adjusted this week to around US$1115-1120/MT levels,FOB S. Korea and FOB Southeast Asia.
20-Aug-08 
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