Petchem Production Up, But Inventories Down

U.S. petrochemical production during the fourth quarter rose 14% year-on-year, to 48.2 billion lbs, but total inventories fell 3% from the year-ago period, to 5.7 billion lbs, says the National Petrochemical & Refiners Association (NPRA; Washington). Production was up for most petchems, except for butadiene and styrene, NPRA says. Butadiene and styrene production was down 22% and 4%, to 860 million lbs and 2.5 billion lbs, respectively. Inventories of benzene, propylene, and butadiene all fell year-on-year during the fourth quarter, by more than 10%, but...

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