US 2008 butac exports up 3% over 2007

11 February 2009 22:31  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of butyl acetate (butac) in 2008 totalled 64,413 tonnes, up 3% from the 62,264 tonnes sold abroad in 2007, the International Trade Commission (ITC) said on Wednesday.

However, December butac exports totalled 4,728 tonnes, a sharp 28% drop from 6,627 tonnes in December 2007, according to ITC data.

Butac's major downstream application is in the paints and coatings sector, which has been hit hard by the downturn in the US housing and automotive industries.

December’s export sales were hurt by the domestic housing and automotive slumps because foreign buyers of US butac - chiefly Mexico and Canada - use it in products that in turn would be sold into US markets.

Mexico, Canada and Turkey were the top US butac export destinations in 2008, accounting for a collective 27,095 tonnes or 42% of total shipments, the ITC said.

December 2008 butac exports rose 22% from the 3,870 tonnes sent out during November, according to the ITC.

US Gulf coast export FOB (free on board) prices were $1,323-1,588/tonne (€1,032-1,239/tonne) over the past month, according to global chemical market intelligence service ICIS pricing.

Major US butac producers include Dow Chemical, Eastman Chemical and Oxea Group.

($1 = €0.78)

For more on butyl acetate (butac), visit ICIS chemical intelligence

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By: Lane Kelley
+1 713 525 2653

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