06 February 2013 00:00 [Source: ICIS news]
PBF energy said on 31 January that its
The refinery’s other processing units are running at reduced rates or on standby. The company expects that it will take several weeks for the refinery to return to planned operations.
Following the shut down, consumers and distributors said PBF Energy sent out notification that it would place aromatics at the
The company did not immediately confirm any force majeure at the
PBF Energy produces benzene, toluene and xylene at its refineries.
The reported force majeure has already led consumers to seek out material such as toluene and xylene from other suppliers in the
US Gulf suppliers said although aromatics demand was stronger, they did not plan on raising prices for the short-term.
However, producers noted that they may look at price increases sometime in March.
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