US EPS imports edge up 4.4% in July vs June

11 September 2007 22:36  [Source: ICIS news]

HOUSTON (ICIS news)--Imports of expandable polystyrene (EPS) resins into the US in July edged up 4.4% from June on stronger summer demand, the US International Trade Commission (ITC) said on Tuesday.

The US imported 20,523 tonnes of EPS beads in July, compared with 19,633 tonnes imported a month earlier.

The increase matched the seasonal summer demand peak.

Mexico was the largest supplier in July with 5,608 tonnes, followed by the Bahamas with 5,153 tonnes.

Resin supply from the Bahamas was said to be for styrofoam cup production, according to industry sources.

Imports from Korea came in third with 3,882 tonnes, and Canada was the fourth-largest supplier with 2,907 tonnes.

Chinese imports ranked fifth at 1,437 tonnes, the ITC said.

The total July contribution from Asia was 6,760 tonnes, up 16.8% from 5,785 tonnes in June.

But on a year-on-year basis, July imports from Asia were down 27% compared with July 2006.

That corroborated the loss of market share that Asian beads have suffered in the US due to a narrower price gap with domestic product.
By: George Martin
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