The price of ethylene on terms consistent FD, NWE (northwest Europe).

The buyer said that rising prices EUR22,5 was a “compromise” between the expectations of its prices and producer prices.

According to the buyer, delivery of ethylene have been limited in recent years, which has led to the growth of prices. However, it is expected the situation will improve after starting in December cracker in Moerdijk Shell (Holland). On this site in Moerdijk, Shell controls cracker capacity of 910 thous. Tons of ethylene a year.

As reported earlier MRC, Shell stopped cracker capacity of 910 thous. Tons of ethylene per year as a result of a fire in a compressor 11 November this year. Then the company has not announced the timing of idle enterprises. Later, market sources said that the factory will be idle for 2-3 weeks.