Thursday, 17 October 2013

Thailand Petrochemicals Report Q4 2013

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Thailand Petrochemicals Report Q4 2013
Oct 16th 2013, 00:00

Price: $ 1295  

Having witnessed a surge in petrochemicals capacities over the past few years, BMI believes the Thai petrochemicals industry will make a transition towards adding value to basic chemicals production, as PTT moves forward with its US$4.5bn investment programme. We examine the local market's strengths and weaknesses, as well as the industry's exposure to external markets, as it seeks to maintain and improve competitiveness. Feedstock shortages have been disrupting petrochemicals output in Thailand. PTTGC may reduce its petrochemical processing rate to 70-80% due to a shortage of feedstock, following a shutdown of its parent's gas separation plant unit 5 for three to five months. It had also instituted a 44-day turnaround at a 515,000tpa cracker in August and September. The cracker's scheduled ...

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