Spot Resin Pricing News
Two Fresh Cracker Disruptions Sends Spot Ethylene Prices Soaring
July 08, 2014
CPChem had a fire at its Port Arthur Olefins complex on Monday causing a cracker furnace to be shutdown.
Equistar Chemical declared Force Majeure for Ethylene produced at its Laporte Petrochemical complex.
Together these disruptions contributed to a sharp rise in spot Ethylene prices, reaching $.60/lb by close of trading on Tuesday.