30 August 2011 21:46 [Source: ICIS news]
HOUSTON (ICIS)--US production of phenol fell by 2% in the second quarter as feedstock tightness in cumene limited phenol production, according to data released by the National Petrochemical & Refiners Association (NPRA) on Tuesday.
Second-quarter phenol production was 1.11bn lb (506,000 tonnes), down from 1.14bn lb in the second quarter of 2010.
Production problems at upstream cumene plants and delivery issues because of flooding along the Mississippi river were the main reasons for the year-on-year fall in phenol production.
Compared with the first quarter of 2011, second quarter phenol production was about flat.
Demand for phenol was strong throughout the second quarter, as export prices reached a record high, as assessed by ICIS, of 89 cents/lb ($1,962/tonne, €1,354/tonne) FOB (free on board), mostly on demand from Asia.
Currently, US phenol export prices are assessed at 73–75 cents/lb FOB.
The NPRA data was based on input from Dow Chemical, INEOS Phenol, Georgia Gulf, Shell Chemical and Sunoco.
($1 = €0.69)
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