25 March 2013 18:09 [Source: ICIS news]
SAN ANTONIO, Texas (ICIS)—Latin American acetone supply is tightening, a US distributor said on Monday on the sidelines of the International Petrochemical Conference (IPC).
“You know acetone is snug everywhere when we’re being asked to export,” the distributor said.
Sources say Latin American acetone supply is tight because of low operating rates in the region, owing to weak demand for acetone co-product phenol.
Demand for phenol is soft because of competition from imports of phenol derivatives.
In the US, acetone supply is snug because the lack of export opportunities on phenol is keeping operating rates suppressed.
Hosted by the American Fuel & Petrochemical Manufacturers, the IPC continues through Tuesday.
($1 = €0.77)
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