US Q1 phenol production rises 39% year over year - NPRA

17 May 2010 20:23  [Source: ICIS news]

HOUSTON (ICIS news)--First-quarter US phenol production rose by 39% year over year as the global economy began to recover, the National Petrochemical & Refiners Association (NPRA) said on Monday.

Phenol production totalled 943.5m lb (428,000 tonnes) in the first quarter, up 12% from 931.9m lb in the fourth quarter and 39% from 678.6m lb a year earlier, NPRA said.

Phenol demand has steadily grown after reaching a low point after the chemical market crashed with the rest of the global economy at the end of 2008, buyers and sellers said.

Phenol contract prices were 75-80 cents/lb ($1,653-1,764/tonne or €1,339-1,429/tonne), up from 50 cents/lb one year ago, according to data from global chemical market intelligence service ICIS pricing.

The NPRA data was based on input from Dow Chemical, INEOS, Georgia Gulf, Shell and Sunoco.

($1 = €0.81)

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By: Ben Lefebvre
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