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ATC not affected by textile dispute: Petrochemical prices concern investors.

Bangkok Post (Bangkok, Thailand)

| June 01, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jun. 1--The Aromatics (Thailand) Plc has faced no difficulties related to the dispute over textile imports between the United States and China, and speculation over the possible revaluation of the Chinese yuan, according to ATC president Permsak Shevawattananon.

Mr Permsak was responding to investor concerns about the effect the textile dispute and currency rumours were having on petrochemical commodity prices including paraxylene, the main product of ATC and a key raw material for the textile industry.

Share prices of many commodity stocks, particularly petrochemical companies, have fallen over the past few weeks, reflecting a dimming outlook toward the ...

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