Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list

Phillip 66 declares force majeure on polypropylene at Bayway refinery

Agriculture | Biofuels | Sugar | Coronavirus

Brazil's sugar and ethanol markets planning a post-pandemic strategy

Platts World Refinery Database

NGL | Gasoline | Petrochemicals | Olefins

NGLs Conference, 10th Annual

Natural Gas | Oil | Petrochemicals | Aromatics | Polymers

FACTBOX: Petrochemical markets see some support as shutdowns ease

Phillip 66 declares force majeure on polypropylene at Bayway refinery

Houston — Phillips 66 declared a force majuere Wednesday due to issues at its Bayway refinery in Linden, New Jersey, restricting the ability to supply polypropylene to customers, the company said Thursday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The force majeure event was due to unforeseen equipment failure, the company said in a letter to customers Wednesday obtained by S&P Global Platts, The company added in its letter that it was not immediately able to determine with specificity whether and to what extent its agreements with customers may be impacted, but it would continue to monitor the situation.

The Bayway refinery has a PP capacity of 775 million lb/year, according to Platts data.

The force majeure announcement comes amid continued supply tightness in the PP market, with domestic prices hovering at levels not seen since late 2014 and exports heard virtually non-existent due to pricing deemed uncompetitive in global markets and a lack of available product.

Platts on Wednesday assessed domestic contracts at 78.5-79.5 cents/lb ($1,731-$1,753/mt) delivered rail-car basis for homopolymer injection and 80.50-81.50 cent/lb delivered rail car basis for homopolymer fiber grades.

--Brian Balboa,

--Edited by Derek Sands,