US imports 16,134 tonnes of acetone in Jan-April

10 June 2008 18:07  [Source: ICIS news]

HOUSTON (ICIS news)--The US imported 16,134 tonnes of acetone during the first four months of the year, compared with only 2,135 tonnes during the same period in 2007, the US International Trade Commission (ITC) reported on Tuesday.

Imports in the month of April were 5,771 tonnes, compared no imports in April 2007. According to the trade data, Spain supplied nearly 100% of the acetone parcels in April.

New capacity went online in April 2007 at Ertisa’s facility in Huelva, Spain. Ertisa’s expansion included a new line producing 160,000 tonnes/year of phenol and 90,000 tonne/year of acetone.

The global acetone market has become largely oversupplied in 2008 as additional capacity came on in Europe, a trader said.

The acetone supply overhang has caused global producers to cut production rates, and delayed contract settlements.

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By: Heather McGuire Doyle
+1 713 525 2653



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