30 March 2012 18:10 [Source: ICIS news]
April ethylene traded at 75.00 cents/lb ($1,654/tonne, €1,241/tonne), up from a deal done at 69.50 cents/lb the previous day.
The surge came amid talk that Williams and ExxonMobil were having a disruption at their crackers in
Williams has a 612,000 tonne/year cracker in Geismar, while ExxonMobil has a 1m tonne/year unit in
A Williams spokesperson could not immediately confirm a shutdown, while a recording on ExxonMobil's hotline in
The recording said the unit was taken off line on 29 March. The message said flaring was expected when the unit restarted in a few weeks.
An ExxonMobil spokesperson did not respond to a request for comment.
($1 = €0.75)
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