30 August 2011 20:17 [Source: ICIS news]
HOUSTON (ICIS)--US production of cumene in the second quarter fell by 5% year on year as major turnarounds by several producers took place, the National Petrochemical & Refiners Association (NPRA) said on Tuesday.
Cumene production totalled 1.75bn lb (793,000 tonnes) in the second quarter, down from 1.84bn lb in the second quarter of 2010.
Among the major US cumene producers, Flint Hills Resources, Georgia Gulf and Sunoco each had production issues during the quarter, and flooding along the Mississippi river prevented the movement of material into several downstream plants.
Compared with the first quarter of 2011, cumene production was up 13%, from 1.55bn lb, as the outages of the first quarter were more severe than those in the second.
Cumene demand remained strong during the second quarter, as phenol producers looked to run full-out in order to capitalise on strong margins on export material into Asia.
The current formula-based August US cumene contract price is assessed by ICIS at 61–63 cents/lb ($1,345–1,389/tonne, €928–958/tonne) FOB (free on board).
The NPRA data was based on input from Blue Island Phenol, CITGO, Flint Hills Resources, Georgia Gulf, INEOS, Marathon, Shell Chemical and Sunoco.
($1 = €0.69)
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