09 February 2011 17:23 [Source: ICIS news]
HOUSTON (ICIS)--The fire at the Enterprise Products west storage facility in Mont Belvieu, ?xml:namespace>
Market sources said the flames early on Wednesday were minimal compared with Tuesday, although the company did not immediately confirm whether the fire was completely out.
The ethylene bid-offer range was at 45.50-48.00 cents/lb on Wednesday morning, sources said, up from 44.00-45.50 cents/lb prior to the fire.
The spike resulted from higher ethane prices, market sources said. A deal for ethane was done on Wednesday morning at 62.625 cents/gal, up roughly 8% from a range of 57.500-58.500 cents/gal on Tuesday.
Prices for butane and propane also rose on Wednesday, market sources said.
Also on Wednesday, a market source familiar with Huntsman operations said that company’s Port Neches chemical complex had not been affected.
The source said Huntsman typically receives about 17,000 bbl/day of isobutane from
ExxonMobil said on Tuesday that it had taken precautionary steps to keep its giant
Meanwhile, Chevron Phillips Chemical, which operates an olefins facility nearby in Cedar Bayou and a polyolefins facility in
Shell said the fire had no impact on its downstream operations or those of Motiva, but was still assessing the situation.
Enterprise Products also operates an NGL fractionation plant in Mont Belvieu. Overall, the NGL fractionation plant has a total capacity of 305,000 bbl/day, the company said on its website.
The fire in Mont Belvieu, located about 30 miles (48 km) east of
(Additional reporting by Sheena Martin, William Lemos, Brian Ford and Al Greenwood)
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