29 March 2011 18:40 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)--The US supply shortage of cumene feedstocks is expected to keep the phenol/acetone market imbalanced for four to six weeks, a US-based marketer of co-product acetone said on Tuesday.
“With the shortage in North American cumene, we see reduced operating rates for the phenol/acetone industry, providing for a greater ability to pass along price increases,” said Randy Velarde, president of The Plaza Group (TPG), on the sidelines of the International Petrochemical Conference (IPC).
“There is especially pressure on those seeking large quantities, such as traders,” he added.
Domestic demand for phenol is solid, but demand is especially strong in Asia, said the president.
Cumene supplies are being restricted because of a number of planned turnarounds in the US in the first half of 2011, as well as an unexpected issue at Sunoco’s fluid catalytic cracker (FCC) in Philadelphia, Pennsylvania, earlier this month.
Hosted by the National Petrochemical & Refiners Association (NPRA), the IPC runs through Tuesday.
Additional reporting by Heather McGuire DoyleFor more on phenol, acetone and cumene visit ICIS chemical intelligence
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