Asia faces tight benzene avails

Indonesian PT Trans Pacific Petrochemical Indotama (TPPI) has announced force majeure and reduced the run rates at its facility. This supply shortage will see a rush of material from Iran and South Korea to Southeast Asia, as supply of resources was tightened in the region. Styrindo Mono Indonesia has extended by one month, turnaround at its No.2 benzene unit. Prior to the announcement, the company has procured cargoes from Iran.