30 November 2011 23:09 [Source: ICIS news]
HOUSTON (ICIS)--US third-quarter production of phenol fell by 14% year on year, according to data received by ICIS from the National Petrochemical & Refiners Association (NPRA) on Wednesday.
US phenol production was 474,000 tonnes, down from 554,000 tonnes for the third quarter of 2010.
Compared with the second quarter of 2011, production fell by 6%, from 506,000 tonnes.
Although demand for phenol was strong for much of the third quarter, production was down because of a shortage of feedstock cumene.
However, demand for phenol co-product acetone was stable to soft during the third quarter, pushing down on operating rates.
The US October phenol contract price is 73.08–77.53 cents/lb ($1,611–1,709/tonne, €1,208–1,282/tonne) FRT EQ (freight equalised), as assessed by ICIS.
Data from the NPRA was provided by Dow Chemical, INEOS Phenol, Georgia Gulf, Shell Chemical and Sunoco.
($1 = €0.75)
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