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US spot ethylene posts sharp decrease

by ChemOrbis Editorial Team -
  • 15/12/2016 (15:24)
According to market sources, US spot ethylene prices dropped considerably as of the middle of this week. Losing more than 3.5 cents/lb ($77/ton) on the day, spot ethylene prices in the country were reported at 22.5-23 cents/lb ($496-507/ton) FD USG as of Wednesday.

The decline was attributed to the possibility of LyondellBasell’s resuming its production at Corpus Christi, Texas following a large-scale maintenance, sources said. LyondellBasell had shut its cracker for capacity expansion at Corpus Christi in mid-November and postponed its restart to December 17.

According to ChemOrbis Production News, OxyChem also expects to finish the start-up procedure of its joint-venture ethane cracker with Mexichem in Ingleside, Texas by mid-January and expects ethylene production in Q1 2017.

Formosa Plastics is also set to start up its new cracker at Point Comfort, TX in Q1, 2017.
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