06 September 2011 05:00 [Source: ICIS news]
SINGAPORE (ICIS)--Shell plans to restart its 800,000 tonne/year mixed-feed cracker in Singapore this week after a planned shutdown that began last month, market sources said on Tuesday.
The cracker, which is located on Bukom Island, was taken off line around 11 August partly for some equipment change, they said.
A Shell spokesperson earlier told ICIS that it is not the company’s policy to discuss maintenance schedules.
Because of the impending restart of the cracker, Shell is not expected to purchase anymore ethylene spot cargoes for its derivative 750,000 tonne/year monoethylene glycol (MEG) plant, which was running during the duration of the cracker shutdown.
Spot prices of ethylene fell by $25/tonne (€18/tonne) to $1,095-1,150/tonne CFR (cost & freight) southeast (SE) Asia last week, according to ICIS data.
($1 = €0.71)
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