08 February 2011 21:45 [Source: ICIS news]
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Ethylene for February was offered at 49.00 cents/lb, up from 45.50 cents/lb in the morning.
Meanwhile, bids for February rose to 46.50 cents/lb from 44.00 cents/lb. Ethylene traded at 44.25-46.00 cents/lb on Monday.
The fire erupted at about 12:30 hours
An official with the Mont Belvieu Police Department said that no orders for evacuation or shelter-in-place had been issued, adding that the department was unaware of any injuries.
However, market sources said one contractor was still unaccounted for as of 13:30 hours
Enterprise Products confirmed that report, according to Houston CBS television affiliate KHOU. The station also said witnesses reported seeing workers fleeing from the plant.
Meanwhile, other workers were being told to stay inside, KHOU reported.
Enterprise Products did not respond to requests for further comment about the status of the complex, which is the largest underground storage facility for NGLs in the world.
Market sources said the explosions and subsequent fire occurred in an iso-octane unit on the west side of the complex, near several storage facilities. Those also are near a liquefied petroleum gas (LPG) pipeline.
The storage facilities, which
The facilities provide storage services for mixed natural gas liquids, ethane, propane, butanes, natural gasoline and olefins,
Market sources speculated that the fire could persist for some time since it originated near the storage facilities.
It fractionates mixed NGLs from several supply basins in North America, including the Mid-Continent,
Market sources said NGL prices were offered higher following the fire, but few trades were likely to be completed until more information is released.
Mont Belvieu is located about 30 miles (48 km) east of
(Additional reporting by Sheena Martin, William Lemos and Al Greenwood)
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