12 August 2010 18:45 [Source: ICIS news]
The 612,000 tonne/year unit was taken off line on 14 July, following an outage at a steam turbine.
The company has a second cracker in Freeport, LHC-8, with 1m tonnes/year of ethylene capacity.
US ethylene for August last traded on Tuesday at 34.50-35.00 cents/lb ($761-772/tonne, €594-602/tonne), down from 36.50-37.00 cents/lb last week amid improving supply.
Market participants said the start-up of Dow’s LHC-7 cracker was likely to put more pressure on the monomer.
Ethylene for August was bid at 32.00 cents/lb on Thursday with no offers.
($1 = €0.78)
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