28 May 2013 21:19 [Source: ICIS news]
HOUSTON (ICIS)--Total Petrochemicals said on Tuesday that it expects its US aromatics 150 (ARO 150) production to be back on line by the end of June.
The company declared force majeure on ARO 150 back in early May, but did not specify the cause.
The force majeure further strained an already tight ARO 150 market, specifically in the US Gulf, where demand has been strong from the agriculture sector.
ARO 150 prices in the US Gulf have gradually increased since January, but saw a sharp spike in late April.
Current US Gulf ARO 150 prices are at 75.00 -79.50 cents/lb ($1,654-1,753/tonne).
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