26 April 2013 17:13 [Source: ICIS news]
HOUSTON (ICIS)--US daily propylene production fell by 3.7% in March from February, according to a report released on Friday by consulting group Jacobs Consultancy.
US March daily propylene production was 31.2m lb/day (14,152 tonnes/day), down from February’s rate of 32.4m lb/day, according to the group’s Hodson Report.
The decline in production was the result of lower steam cracker operating rates, which fell to 90.3% in March from 94.0% in February.
Some of the decline in operating rates was driven by several unplanned outages, while some was the result of weaker demand for propylene.
Total March propylene production was 968m lb, up by 6.7% from February’s total of 907m lb, owing to the increased number of days in the month.
Feedstock usage shifted by 0.2% toward heavier feeds in March, which mitigated some loss from steam cracker production, according to the report.
US polymer-grade propylene (PGP) prices were steady on Friday, at 58.25 cents/lb ($1,284/tonne, €989/tonne).
($1 = €0.77)
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