26 April 2013 16:25 [Source: ICIS news]
HOUSTON (ICIS)--US March daily ethylene production fell by 3.4% from February, according to a report issued on Friday from consulting group Jacobs Consultancy.
March daily ethylene production was 146.0m lb/day (66,225 tonnes/day), down from February’s level of 151.2m lb/day, according to the group’s Hodson Report.
The decline in daily production was attributed to several unplanned cracker outages, as well as softer demand.
Steam cracker operating rates fell to 90.3% in March from February levels of 94.0%, according to the report.
Overall production of ethylene was higher in March despite lower operating rates, owing to the increased number of days in the month.
Total March ethylene production was 4.525bn lb, up by 6.9% from February’s total of 4.232bn lb.
The feedslate ratio for ethylene was largely steady month on month. March ethylene production from ethane was 60.3%, down from 60.4% in February.
US ethylene spot prices were steady on Friday, with bids at 56 cents/lb ($1,235/tonne, €951/tonne) against offers at 60 cents/lb.
($1 = €0.77)
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