Oxea plans 22 May restart for Texas oxo-alcohols unit - source

18 May 2010 21:32  [Source: ICIS news]

HOUSTON (ICIS news)--Oxea's oxo-alcohols unit at its Bay City plant in Texas should restart on 22 May after a month-long maintenance turnaround, a market source said on Tuesday.

Regulators required the shutdown that began in late April for propylene pipeline hydro-testing and other reliability checks.

An Oxea official would not comment on the turnaround.

Butyl acetate (butac) and other propylene derivatives have gained price hikes of more than 20% this year due to propylene's big runup that ended in early April and tight supply from planned shutdowns.

The Oxea shutdown covered all oxo-alcohols products, including butyl acetate (butac), butanol, butyraldehyde and propanol, involving a capacity loss of 30,000 tonnes.

A buyer had heard the plant was supposed to be restarted on Monday but would not be fully operational until later in the week.

The butac distributor price range for the week ended 18 May was 91-96 cents/lb ($2,006-2,116/tonne or €1,625-1,714/tonne), according to global chemical intelligence service ICIS pricing. Contract prices were 85-90 cents/lb and spot free on board (FOB) rates were 80-84 cents/lb.

($1 = €0.81)

To discuss issues facing the chemical industry go to ICIS connect


By: Lane Kelley
+1 713 525 2653



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index