US Q4 PX inventories fall 11% from Q3 – NPRA

13 February 2009 21:57  [Source: ICIS news]

HOUSTON (ICIS news)--US paraxylene (PX) inventories were 535.4m lb (243,000 tonnes) at the end of the fourth quarter, down 11% from the third quarter and down 18% from a year earlier, the National Petrochemical & Refiners Association (NPRA) said on Friday.

The fall reflects a sharp slowdown in demand that encouraged market participants to reduce their stockpiles amid slumping prices.

The NPRA data was based on input from eight companies. The industry association did not report PX production data.

PX inventories, in thousands of pounds

Q4 2007

Q1 2008

Q2 2008

Q3 2008

Q4 2008

655,470

750,631

712,205

604,429

535,434*

* Includes some estimates

For more on PX visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect


By: Stephen Burns
+1 713 525 2653



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