30 March 2010 17:26 [Source: ICIS news]
Correction: In the ICIS news story headlined "Dow to take Germany BD unit down for eight-week maintenance" dated 30 March 2010, please read in the final paragraph ...up €325/tonne... instead of ...up €25/tonne....A corrected story follows.
The maintenance will run alongside a turnaround scheduled at its Boehlen cracker.
The shutdown comes as butadiene supply remains especially tight in Europe because of planned and unplanned issues, earlier cracker reductions and strong demand from the ?xml:namespace>
However, some of the impact of the shutdown could be offset by a derivative shutdown at the site, sources said.
The unit has the capacity to produce 105,000 tonnes/year of butadiene, according to ICIS plants and projects.
Spot BD prices were currently pegged around €1,590/tonne ($2,145/tonne) FOB (free on board)
The second quarter contract price recently settled at €1,275/tonne, up €325/tonne from the first quarter because of the tight supply and demand fundamentals.
($1 = €0.74)
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