30 November 2011 22:11 [Source: ICIS news]
HOUSTON (ICIS)--US third-quarter production of cumene fell by 2% year on year, according to data received by ICIS from the National Petrochemical & Refiners Association (NPRA) on Wednesday.
US 2011 third-quarter production was 890,000 tonnes, down from 908,000 tonnes for the same period on 2010.
Compared with the second quarter of 2011, cumene production increased by 12% in the third quarter.
Demand for the key derivative of cumene - phenol - was strong for much of the third quarter in 2011, especially to the export market of Asia, leading to higher cumene operating rates compared with the second quarter.
Cumene production was also aided by water levels in the Ohio and Mississippi river systems returning to normal for all of the third quarter.
The formula-based November US cumene contract price was assessed by ICIS at 46–48 cents/lb ($1,014–1,058/tonne, €761–794/tonne) FOB (free on board).
The NPRA data was based on input from Blue Island Phenol, CITGO, Dow Chemical, Flint Hills Resources, Georgia Gulf, INEOS, Marathon, Shell and Sunoco.
($1 = €0.75)
For more on cumene visit ICIS chemical intelligence
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