Press Release Summary:
According to the Q1 petrochemical production and inventory survey, conducted by VERIS Consulting, LLC for NPRA, total production of the 15 petrochemicals surveyed and reportable was 48.5 billion pounds, an increase of 4% compared to Q1 2006, and an increase of 1% over Q4 2006 production. Inventories of the 7 reported petrochemicals in Q1 2007 was 5.2 billion pounds, an increase of 2% over Q1 2006 and a decrease of 9% compared to Q4 2006.
Original Press Release:
NPRA Releases Results of Q1 2007 Petrochemical Inventory and Statistics Report
1st Quarter 2007 U.S. Petrochemical Production Increases 4 Percent from 1st Quarter 2006; Up 1 Percent from 4th Quarter 2006
1st Quarter 2007 Inventories Up 2% from Same Quarter 2006; A 9% Decrease to 4th Quarter 2006
Washington, D.C., April 30, 2007 - NPRA, the National Petrochemical & Refiners Association, released the results of its first quarter petrochemical production and inventory surveys on Thursday, April 26. VERIS Consulting, LLC conducts the survey for NPRA.
In the first quarter of 2007, total production of the 15 petrochemicals surveyed and reportable was 48.5 billion pounds. This figure represents an increase of 4% compared with same quarter 2006 production of 46.7 billion pounds of these petrochemicals, and an increase of 1% compared with fourth quarter 2006 production of 48.2 billion pounds of the same petrochemicals. Total first quarter 2007 inventories of the seven petrochemicals reportable was 5.2 billion pounds. This figure represents an increase of 2% from same quarter 2006 inventories of 5.1 billion pounds, and a decrease of 9% compared to the fourth quarter 2006 inventories of 5.7 billion pounds of the same petrochemicals. From the fourth quarter of 2006 to the first quarter of 2007, production of 11 of the 15 petrochemicals surveyed and reportable increased while inventories of four of the seven petrochemicals surveyed and reportable decreased.
NPRA regularly surveys the U.S. petrochemical and refining industries on a quarterly basis regarding production of 20 petrochemicals. NPRA also surveys end of the quarter inventory levels for eight of those petrochemicals. Data are only reported if they meet NPRA policy for minimum number of reporters and maximum share of a statistic by any one reporting company. The petrochemicals surveyed include ethylene, propylene, butadiene, benzene and mixed xylenes -- the basic building block chemicals -- and the largest volume first and in some cases, second derivatives of these petrochemicals. The report is published one month after the end of each quarter.
Member subscribers can now access the Survey of Production and Inventory Report for First Quarter 2007 on the NPRA website. It is part of the NPRA family of Petrochemical Surveys, including the Americas Report Survey of Production published quarterly, the Selected Petrochemical Statistics, U.S. Trade Data Report published monthly, and the NPRA/IPIF International Production Statistics Report. For more information on the reports and how to subscribe, please contact Rose Sabijon at firstname.lastname@example.org.
NPRA's members include the owners and operators of virtually all U.S. refining capacity as well as most U.S. petrochemical manufacturers.
NPRA members include more than 450 companies, including virtually all US refiners and petrochemical manufacturers. Our members supply consumers with a wide variety of products and services used daily in their homes and businesses. These products include gasoline, diesel fuel, home heating oil, jet fuel, lubricants and the chemicals that serve as "building blocks" in making everything from plastics to clothing to medicine to computers.
Myndie Petersen 202.457.0480
Susan Yashinskie 202.457.0480