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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections