12 October 2007 00:07 [Source: ICIS news]
HOUSTON (ICIS news)--US imports of ethylene glycol (EG) plummeted to 11,706 tonnes in August from 46,934 tonnes in July, a drop of 75%, according to the US International Trade Commission on Thursday.
The drop was likely brought on by a global shortage of ethylene glycol (EG), buyers and sellers said.
The global supply of EG tightened considerably following oxygen supply issues at three Sabic units in ?xml:namespace>
Fibre-grade EG prices ran up to an average of 66 cents/lb ($1,4550/tonne) in early October from an average of 47 cents/lb in early August, according to global chemical market intelligence service ICIS pricing.
The August drop in EG imports slowed the increase in year-to-date imports in 2007, which were still up by more than 54% compared with 2006 imports.
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|