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PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.

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BASF/Total JV Port Arthur olefins unit reduced rates late Saturday

HOUSTON, December 31, 2018 (PCW) -- Rates were reduced at the joint venture BASF/Total olefins unit at Port Arthur, TX due to a steam-related issue late Saturday, according to a TCEQ filing made on Sunday. Feed was reduced to the plant and two furnaces remained online.

Certain downstream units at the site discontinued operation as a result of the olefins plant issue. Work has begun on bringing the olefins unit back to normal operating rates, according to the filing.

The olefins unit's ethylene capacity is 2.128 billion lbs/yr.

Read the full filing here:

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