US MX prices down after planned BP unit start-up in Texas

16 May 2011 22:28  [Source: ICIS news]

HOUSTON (ICIS)--US mixed xylene (MX) spot prices fell on Monday, traders said, after BP notified regulators it planned to start up its Texas City MX-2 unit in Texas during 14-15 May.

MX spot prices were discussed on Monday at $3.90-4.10/gal FOB (free on board), down from $3.98-4.08/gal FOB on Friday.

The decline in spot prices also came as other US aromatics and energy futures prices fell on Monday.

BP could not be reached for immediate comment regarding the status of the start-up.

The company said it would start up the unit on Saturday in a filling with the Texas Commission on Environmental Quality (TCEQ).

The planned start up would come after a string of power outages hit the BP facility in early May.

BP has gradually been bringing units back up since the power outage.

Last week, the company restarted an ethylbenzene unit at the facility.“Things are staring to get back to normal there,” said BP spokesman Scott Dean. He would not comment on the specifics of the start-up.

($1 = €0.71)

To learn more about xylene, visit ICIS chemical intelligence

By: Brian Balboa
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