08 September 2006 11:57 [Source: ICIS news]
LONDON (ICIS news)--Total Petrochemical’s Gonfreville cracker in France has been forced to close but was expected to be restarted over the weekend (9/10 September), a company source said on Friday.
The 520,000 tonnes/year cracker tripped last weekend (2/3 September) for reasons which were undisclosed.
This unplanned outage comes at a time when supply is already constrained due to an extensive cracker shutdown schedule as well as production problems at Shell’s Wesseling, Germany crackers.
Ethylene spot prices were assessed at $1,400/tonne (around €1,100/tonne) CIF (cost, insurance and freight) Northwest Europe by global chemical market intelligence service ICIS pricing. Third quarter ethylene contract prices were settled at €900/tonne FD (free delivered) NWE.
Propylene spot prices have soared to record highs in excess of €1,000/tonne CIF NWE. Third quarter contracts were settled at €830/tonne FD NWE.
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