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