31 July 1995 00:00 [Source: ICB]
SECOND QUARTER figures for olefin production in western Europe already reflect lower operating rates, as producers react to weaker downstream demand.
Although ethylene production is up over 5% to 4.6m tonne on the same quarter last year, it is almost 3% down on Ql 1995. Refinery propylene production is said to be continuing at high levels but reduced cracker rates have limited the increase in Q2 propylene production to 3.1m tonne, up 19.2% on Q2 1993 although down slightly on Ql.
Q2 butadiene production at 509 000 tonne is marginally ahead of Ql and 6% ahead of Q2 1994.
The normal switch to lighter feeds has been both delayed and muted this year as a result of low naphtha prices and the inclusion in Q2 of production from the smaller Erdölchemie butadiene extraction unit, demothballed early in the second quarter.
|West European petrochemical production ('000 tonne)|
Source: Association of Petrochemical Producers in Europe.
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