Spot Resin Pricing News

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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.