Shell unlikely to restart Singapore cracker this weekend - sources

08 April 2011 11:54  [Source: ICIS news]

SINGAPORE (ICIS)--Shell is unlikely this weekend to restart its 800,000 tonne/year mixed-feed cracker in Pulau Bukom, Singapore, market sources said on Friday.

“The original schedule was 10 April but we hear the restart will be delayed,” said a trader.

Company officials declined to comment.

Some market players said the cracker might only resume operations in the second half of April.

The cracker was shut on 18 March, which prompted Shell to declare a force majeure on ethylene and monoethylene glycol (MEG) shipments.

Shell had bought some ethylene cargoes of around 4,000 tonnes for April arrival at $1,440/tonne (€1,008/tonne) CFR (cost and freight) SE (southeast) Asia, and it was also looking for propylene, according to market sources.

($1 = €0.70)

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By: Peh Soo Hwee
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