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SECOND-HALF 2006: US olefins producers struggle despite lack of major storms
02/05/2007
The absence of hurricanes during third-quarter 2006 created problems for US olefin producers in the fourth quarter. These problems, however, were minor compared with problems caused by the fires and hurricanes during third-quarter 2005.After the disruptions to plant operations and loss of supply in the aftermath of Hurricanes Katrina and Rita in 2005, many petrochemical company buyers decided to be better prepared for the expected instant replay during the 2006 hurricane season. Many olefins producers reported that customers were prebuying and accumulating inventory during the second and third-quarter 2006 to ensure adequate supplies to offset expected supply disruptions due to hurricanes...
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