US November MIBK exports fell by 91% year on year

13 January 2009 21:45  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of methyl isobutyl ketone (MIBK) fell in November to 415 tonnes, in contrast to exports of 4,824 tonnes in November 2007, a drop of 91%, according to US International Trade Commission (ITC) data released on Tuesday.

November exports were also down by 61% from October's 1,068 tonnes, reflecting foreign demand diminished by the global recession and a US dollar that strengthened to nearly €0.80 during the period.

The top destinations, Mexico and Canada, took 84% of November shipments.

US prices for MIBK this week were 120-126 cents/lb ($2,646-2,778/tonne or €1,985-2,084/tonne), according to data from global chemical market intelligence service ICIS pricing.

US MIBK producers include, Dow Chemical, Eastman and Celanese.

($1= €0.75)

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By: Larry Terry
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