11 December 2012 21:53 [Source: ICIS news]
HOUSTON (ICIS)--US ethylene prices rose on Tuesday amid news that BASF TOTAL Petrochemical’s Port Arthur cracker in Texas was off line as a result of an unplanned outage.
The company has 934,000 tonnes/year of ethylene capacity at the site. The cracker is a joint venture between BASF and Total.
It was unclear how long the unit will be down, sources said.
A BASF TOTAL spokesperson did not immediately respond to a request for comment.
US ethylene for December traded at 54.25 cents/lb ($1,196/tonne, €921/tonne), up from 53.50 cents/lb the previous day.
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($1 = €0.77)
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