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Markets :: Basic Chemicals :: Petrochemicals :: Styrene

Moerdijk explosion drives up styrene spot prices in Europe

9:23 AM MDT | June 5, 2014 | Francinia Protti-Alvarez

The explosion that occurred in the evening of 3 June at Shell Chemicals' Moerdijk, Netherlands, site has caused styrene prices to rise and is expected to result in more balanced supply, reducing some of the length that had built up in the market over the past month, IHS Chemical says. The explosion took place at a propylene oxide–styrene monomer (POSM) plant, MSPO-2, while the facility was undergoing a scheduled turnaround, Shell says. The plant forms part of the Ellba 50-50 joint venture with BASF and has the capacity to produce 550,000 m.t./year of...

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