13 January 2009 20:58 [Source: ICIS news]
HOUSTON (ICIS news)--US exports of isopropanol (IPA) fell in November to 20,386 tonnes, a decrease of 31% from 29,533 tonnes during the same month one year ago, according to US International Trade Commission (ITC) data released on Tuesday.
November exports were down by 41% from the previous month, and the top destinations, Belgium and Mexico, took about 60% of total exports for the period, according to the ITC.
The US dollar strengthened to nearly €0.80 during the period, diminishing foreign interest in US material, sources said. The global recession also continued to erode demand.
Imports fell to 3,013 tonnes in November from 5,734 during the same period a year ago. Canada shipped the majority of November IPA to the US in November, accounting for 90% of imported material.
This week, US prices for IPA were 96-98 cents/lb ($2,116-2,161/tonne, €1,587- 1,621/tonne), according to data from global chemical market intelligence service ICIS pricing.
US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.
($1 = €0.75)
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