09 September 2011 20:30 [Source: ICIS news]
HOUSTON (ICIS)--Dow Chemical will push back maintenance at its St Charles cracker in Louisiana to the first half of 2013, delaying a turnaround that was originally scheduled for next month, market sources said on Friday.
Dow was expected to shut down the 610,000 tonne/year cracker on 10 October for 30 days.
No details were available on the reasons for the delay, which some sources said was likely the cause behind a drop in ethylene spot prices this week.
A Dow spokesperson did not respond to a request for comment.
Ethylene for September was offered on Friday at 60 cents/lb ($1,323/tonne, €953/tonne) against at 58 cents/lb bid.
September ethylene traded at 60.000-62.000 cents/lb this week, down from 63.000-63.875 cents/lb a week earlier.
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