08 September 2006 16:24 [Source: ICIS news]
A spokesman for Naphtachimie, a joint venture between Ineos and Total, said that only minor disruptions had been caused and the cracker would resume normal operations within the next few days.?xml:namespace>
The Lavera cracker has an ethylene capacity of 775,000 tonnes/year and a 540,000 tonnes/year propylene capacity.
Naphtachimie’s unplanned reduction in rates is the latest in a wave of unscheduled outages across ?xml:namespace>
Spot ethylene (C2) and propylene (C3) prices have soared above third quarter contract levels as a result.
Ethylene spot prices were assessed at $1,400/tonne (around €1,100/tonne) CIF (cost, insurance and freight)
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.
(Additional reporting by Nel Weddle)
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