05 August 2010 08:45 [Source: ICIS news]
SINGAPORE (ICIS)--Energy giant Shell’s new 800,000 tonne/year mixed-feed cracker in Singapore is expected to resume operations by 6 August following a brief outage this week, market sources said on Thursday.
“We understand the cracker will restart tomorrow. It is a minor problem” said one trader.
Company officials were not immediately available for comment.
Market sources had earlier told ICIS that the cracker was down on Tuesday evening while a Shell spokesperson said the flare system at the site was activated that afternoon due to an unplanned disruption to a process unit. The spokesperson did not comment on the status of the cracker.
Prior to the outage, the cracker was already running at reduced rates of around 80% due to unspecified issues, they added.
Commissioned in March, the cracker - an integral part of Shell Eastern Petrochemicals Complex (SEPC) - can also produce 450,000 tonnes/year of propylene and 230,000 tonnes/year of benzene.
Ethylene spot prices were mainly stable at $870-900/tonne (€661-684/tonne) CFR (cost and freight) NE Asia on Thursday, unchanged from levels the previous day.
Propylene, however, moved up $10/tonne at the top end of the range to $1,150-1,200/tonne CFR NE Asia over the same period to reflect buy-sell ideas in a tightly supplied market, according to data from ICIS.
($1 = €0.76)
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