US ethylene production higher in Q4 2017: AFPM

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ethylene production rose in the fourth quarter of 2017 while stocks moved lower compared with the third quarter of the same year, data from the American Fuel and Petrochemical Manufacturers showed Wednesday.

Ethylene production was at 15.739 billion lb in Q4, up 1.474 billion lb from the total of 14.265 billion lb in Q3 2017, the data shows. Total production for 2017 was at 60.543 billion lb, which was almost 2.423 billion lb above the 2016 total of 58.12 billion lb.

The Q4 production was up 1.028 billion lb compared to the year-ago quarter, which saw production at 14.711 billion lb, AFPM said.

Ethylene inventories showed a 74.1 million lb decline quarter on quarter, slipping to 2.342 billion lb, compared to the revised Q3 total of 2.416 billion lb. Stocks stood at 1.487 billion lb in Q4 2016.

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