07 February 2012 23:00 [Source: ICIS news]
HOUSTON (ICIS)--Flint Hills Resources' (FHR) Port Arthur cracker in Texas was down as a result of a steam outage, market sources said on Tuesday.
The company has 621,000 tonnes/year of capacity at the site.
An FHR spokesperson did not immediately respond to a request for confirmation.
The shutdown was cited as a possible factor lending support to ethylene spot prices on Tuesday.
The monomer traded up to 65 cents/lb ($1,433/tonne, €1,089/tonne) for February delivery, from a deal done at 64 cents on Monday.
February ethylene bid/offers were last heard at 64.75-65.50 cents/lb.
($1 = €0.76)
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