US Sept acetic acid exports rise almost 12%

13 November 2008 20:55  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of acetic acid in September totalled 53,228 tonnes, up by almost 12% from 47,605 tonnes during the same month last year, the US International Trade Commission (ITC) said on Thursday.

But September exports were down 45% from 96,861 tonnes in August this year, the USITC said.

Mexico and Belgium were the top export destinations in August, accounting for a collective 40,103 tonnes - or 75% of total shipments.

US 2008 acetic acid exports increased by 22% through September this year compared with the same period of 2007, reflecting a declining domestic market and a sluggish US economy, according to market sources.

US Gulf coast export FOB (free on board) prices were $700-800/tonne (€560-640/tonne) over the past month, according to global chemical market intelligence service ICIS pricing.

Major US acetic acid sellers include BP, Celanese and Eastman Chemical.

For more on acetic acid visit ICIS chemical intelligence
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By: Lane Kelley
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