US petchem production falls in third quarter

Production of petrochemicals in the US fell to 46.2 billion lb in third-quarter 2005, according to a survey from the National Petrochemical & Refiners Association.Total production of 15 petrochemicals, surveyed by VERIS Consulting LLC, decreased 15% compared with the third-quarter 2004 production of 54.3 billion lb and decreased 9% compared with second-quarter 2005 production of 50.6 billion lb.Total third-quarter 2005 inventories of six major petrochemicals were 4.2 billion lb, according to NPRA. This figure represents an increase of 22% from third-quarter 2004 inventories of 3.4 billion lb and is flat with second-quarter 2005 inventories for reportable petrochemicals.According to th...

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