US spot ethylene prices steady despite cracker shutdown

06 March 2014 21:34 Source:ICIS News

HOUSTON (ICIS)--US spot ethylene prices were steady on Thursday despite the report of a cracker outage from earlier in the week.

US Eastman Chemical reported on Thursday that it shut down its Longview cracker in Texas on 3 March, according to a filing with the Texas Commission on Environmental Quality (TCEQ).

The filing said that the shutdown was due to a combination of site-wide steam/condensate energy emergency and instrument problems on a steam drum.

The issues caused two compressors to shut down the 640,000 tonne/year ethylene unit.

Despite the ongoing production issues, US March ethylene traded at 51.25 cents/lb ($1,130/tonne) on Thursday, flat with a trade done the previous day.

By John Dietrich