Shell Ends Force Majeure on Phenol and Acetone

Shell Chemical says it has lifted force majeure on phenol and acetone. Shell declared force majeure on both products in early May after severe storms downed a plant that supplied steam to its phenol-acetone plant at Deer Park, TX, forcing the phenol units offline. The plant has two lines with capacity totaling 600,000 m.t./year of phenol and 366,000 m.t./year of acetone. Market sources say the outage has not been a major problem because the phenol and acetone markets have come into better balance after some tightness. Phenol contract prices rose 8 cts/lb this...

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