28 November 2012 22:25 [Source: ICIS news]
HOUSTON (ICIS)--Shell has shut down its OP2 Deer Park cracker in Texas, market sources said on Wednesday, adding that the unit would be off line until the end of the week.
However, information about the operating status of the unit was mixed, as one market participant said the cracker could still be operational, but running at reduced rates.
A Shell spokesperson did not respond to a request for comment.
The company has 835,000 tonnes/year of ethylene capacity at the site.
Talk of a shutdown at the site emerged on Tuesday amid an increase in ethylene spot prices.
Ethylene traded slightly lower on Wednesday.
The monomer was heard transacted for November and December at 51.25 cents/lb ($1,130/tonne, €870/tonne), down from deals done at 51.375 cents for November and 51.750 cents/lb for December the previous days.
($1 = €0.77)
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