Home > Chemical News

Chemical News

Brazil's Nov ethylene CP flat amid plant turnarounds

https://www.chemnet.com   Nov 04,2011 Platts
Ethylene contract prices in Brazil for November were flat over October following stability in the European price, said a source.

The monomer contract price in the Brazilian domestic market for October was heard at around $1,650/mt FOB. The Brazilian CP last moved from September to October, up approximately $80/mt to $1,650/mt FOB.

Brazilian ethylene contract prices have a formula attached to the European price movements with a month lag.

The October European contract price settled at Eur1,115/mt, flat to September.

In production, Braskem halted its Triunfo steam cracker in Rio Grande do Sul state for a programmed maintenance shutdown on October 26 (Wednesday), said a company source.

The company has two steam crackers on the site, and the one under shutdown is the smallest. The smaller cracker can produce 500,800 mt/year of ethylene and 264,000 mt/year of propylene, 40% of the olefins produced in the complex.

Along with the cracker turnaround, Braskem stopped the PE 4 plant for maintenance on November 1 for 10 days and was planning to halt the PE 5 plant on November 14 for 10 days as well.

Braskem's 415,000 mt/year-capacity PE 5 plant produces LLDPE and HDPE. Its 550,000-mt/year PE 4 plant produces HDPE, LLDPE, and green polyethylene.

The company did not expect any impact in the Brazilian domestic market or export contracts because they built resin inventories for the event.

 Print  |    add to Favorites  |    Close