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PriceWatch Report Highlights 14 March 2010

Polyester Chain | Nylon Chain | Acrylic Chain | Viscose Chain | Others

Acrylic Chain -> Propylene

 

In Asia, propylene market atmosphere stable in line with crude oil price, which hovered around US$81-82 a barrel for most of the week. Asian prices were stable on support of the outages of three units at Japan\'s Mitsui and Mitsubishi in the preceding week. In addition, at least thirteen propylene units will be shut for turnaround between February and June.
Propylene
   

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Global Indepth Propylene Analysis - Complete data on propylene global Demand-Supply, distributed by countries, regionwise, major investments, process and end use is available in the YnFx Acrylic Chain Report 2009. Click here to see detailed information.

Propylene News

 
United Kingdom - Force majeure declared for C2/C3 from Moerdijk [ 26 Feb, 2010]

Shell Chemicals (London / UK; www.shell.com) has declared force majeure on ethylene (C2) and propylene (C3) from its Moerdijk complex in The Netherlands and put all customers on allocation. Output of the site’s cracker, with capacity for 900,000 t/y of C2 and 500,000 t/y of C3, had to be reduced following technical problems on 23 February.

A Shell spokesman told PIE that repairs are expected to take around nine days.

Source: Plastics Information Europe

Total declares force majeure on propylene from French refineries [ 22 Feb, 2010]

Total has declared forces majeures on propylene at some of its French refineries following a continuing strike by workers and sub-contractors, a market source said on Monday.

"Things are getting worse," said a major consumer. "There is no indication when things will return to normal," it added.

A Total spokesperson refused to comment on the forces majeures and no other details have been given.

The continuing strike by workers at Total's refineries in France has raised questions about the availability of propylene in Europe and has led to the possibility of further strikes and possible supply shortages.

Employees last week voted for an unlimited strike at all six refineries in France, prompting some market sources to suggest that force majeure could be called on propylene in the near future due to a lack of supply.

Around 7,000 direct employees, suppliers and subcontractors of the refineries went on strike for 48 hours last Wednesday to demand a restart of the petrochemical giant’s Dunkirk site, which has been idle since September and was likely to be closed down.

Talks between Total and French union CGT collapsed on Sunday.

The CGT has called for the strike to spread to the two French oil refineries owned by US group Exxon Mobil, where strikes have been planned for Tuesday, according to media reports.

ExxonMobil would not comment on the possible strike and said at present all of its refineries were running as normal.

Workers at INEOS' Lavera refinery in southern France have not voted to strike, according a statement by Richard Longden, group communications manager for INEOS - contrary to an earlier Reuters report citing the CGT Union.

In a radio interview, the French industry minister Christian Estrosi pledged to prevent any shortages of petrol and diesel supplies.

Total has proposed a roundtable discussion on 4 March on the future of its refining operations in France and the five-year investment programmes for each refinery would be presented and discussed.

Source: ICIS

   

 


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