US September etac exports up 80% year-over-year

13 November 2008 23:01  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of ethyl acetate (etac) in September were 5,776 tonnes, up about 80% from the same month a year ago, according to data the US International Trade Commission (ITC) released on Thursday.

But September etac exports fell 34% from 8,769 tonnes in August, the ITC said. Mexico, Spain and Turkey were the top three export destinations, accounting for 3,978 tonnes, or about 69% of total shipments.

US etac exports rates jumped by double-digits in the first nine months of 2008, totalling 51,340 tonnes, up 31% from 39,212 tonnes in the same period of 2007.

US Gulf coast export prices have ranged from 64-69 cents/lb ($1,411-1,521/tonne, €1,129-1,217/tonne) during the past month, according to global chemical market intelligence service ICIS pricing.

Major US etac producers include Celanese, Eastman Chemical and Solutia, whose material is marketed by BP.

($1 = €0.80)

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By: Lane Kelley
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