US spot ethylene moved up 2.25 cents/lb week on week, assessed Friday at 65-65.50 cents/lb FD USG, as production issues on Sunday appeared to be pushing the spot market higher. Chevron Phillips Chemical experienced an areawide power outage on Sunday, which lead to an unplanned shut down of the three steam crackers in the company’s olefins complex in Sweeny, Texas, company said in a filing with the Texas Commission on Environmental Quality.
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