21 December 2009 13:20 [Source: ICIS news]
LONDON (ICIS news)--A fire at BASF’s cracker in Antwerp, Belgium, has forced the German chemical major to shut down the facility, but the company has not declared force majeure, a BASF source said on Monday.
The fire occurred on the morning of 20 December and there were no reports of injuries, according to the source.
The source said that it expected the cracker to be down for four to five days, but added that it was very early to make a prognosis as the cause of the fire was still under investigation.
The company had not yet declared force majeure on cracker products and was “trying to avoid doing so, but that it was difficult as there were few spare volumes”, the source said.
An update on the status of the cracker would most likely be available on 22 December, the source said.
The outage could complicate January contract negotiations, which remain ongoing.
Last week, INEOS declared forces majeures on C2 and C3 supplies out of its site at
Sellers had been targeting price increases based on firm naphtha and improved demand expectations. They could revise these targets if supply looked likely to be further restricted.
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