31 January 2013 17:39 [Source: ICIS news]
HOUSTON (ICIS)--US 2012 cumene production increased by 0.2% year on year, according to data released on Thursday by the American Fuel & Petrochemical Manufacturers (AFPM).
US 2012 cumene production totalled 6.93bn pounds (3.14m tonnes), compared with 6.92bn pounds in 2011.
The slight increase was mostly driven by stability in production in 2012, as several cumene plants experienced long outages in the spring of 2011.
Fourth-quarter cumene production was 1.50bn pounds, down by 9.6% year on year from 1.66bn pounds a year ago.
Cumene inventories ended 2012 at 258m pounds, down by 27.5% year on year compared with 356m pounds a year ago.
US January cumene contracts settled at an average of 73 cents/lb ($1,609/tonne, €1,191/tonne) on an FOB (free on board) basis.
The AFPM data was provided by Blue Island Phenol, CITGO, Dow Chemical, Flint Hills Resources, Georgia Gulf, INEOS, Marathon and Shell Chemical.
($1 = €0.74)
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