- Chevron Phillips closes its cracker following a power
outage: Sources- Prices rise in week for Choctaw and Mont Belvieu



Despite increased market participation
throughout the week, the market closed Nov. The US ethylene spot
market prices rose during the week ending Nov. 4. The November Choctaw price rose 1.75c on the week to
20.25c/lb FD Choctaw. Meanwhile, December Choctaw prices rose in tandem at
20.75c/lb FD Choctaw. This was due to a power cut at Chevron Phillips
Chemical's Cedar Bayou plant, Texas. sources
familiarized with company operations reported that the company shut down both
its ethane-fed crackers following a power outage on Nov. 4. One source
indicated that the crackers with capacities of 1.7million mt/year and
835,00 mt/year may not be available for two weeks. According to the Texas Commission on Environmental
Quality filings, the power outage occurred...