04 June 2010 16:44 [Source: ICIS news]
LONDON (ICIS news)--SABIC has lifted the forces majeures it declared on butadiene (BD) and raffinate 1 supplies from its site at Wilton, UK, as production is fully back to normal, a company source said on Friday.
“The [forces majeures] were lifted today,” said the source.
The butadiene extraction unit had been running at reduced rates after it was restarted on 7 May following planned maintenance work.
The unit had been shut down on 28 February because of polymer fouling. Maintenance work had been planned to start on 14-15 March.
The forces majeures on butadiene and raffinate 1 from ?xml:namespace>
SABIC’s butadiene unit at
The company’s butadiene unit at Geleen, the
Production issues and strong export demand have kept the butadiene supply-and-demand balance very tight for most of the year.
However, better availability was now expected – at least in theory – as maintenance work at Dow Chemical’s unit at Boehlen, Germany, had been completed and LyondellBasell was able to lift its force majeure on butadiene from Berre, France, earlier this week.
The second-quarter BD contract settled at €1,275/tonne ($1,555/tonne) FD (free delivered) NWE (northwest
Spot prices were assessed at around €1,700/tonne FD NWE, according to global chemical market intelligence service ICIS pricing.
($1 = €0.82)
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