HOUSTON (ICIS)--US cumene is on sales allocation, market sources said, following the late-June explosion at a third-party power generator.
Production at CITGO's 680,000 tonne/year unit in Corpus Christi remains reduced because of the power outage. The company has not confirmed the status of the plant.
Flint Hills Resources is experiencing production issues at its 815,000 tonne/year unit in Corpus Christi. The company has not confirmed the plant's status.
Downstream, Altivia announced sales control for US phenol and alpha-methylstyrene (AMS).
Cumene is used to make phenol and acetone, which in turn can become resins, coatings, plastics or construction materials. It can also be used in gasoline blending.
The cumene market has been facing ongoing production issues and rising downstream demand, although feedstock costs have been falling.
Major US producers of cumene are CITGO, Flint Hills Resources, INEOS Phenol, Marathon and Shell.
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