US January etac exports plummet 48% from 2008

13 March 2009 21:11  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of ethyl acetate (etac) in January totalled 2,519 tonnes (2,771 tons), plunging 48% from 4,832 tonnes in the same month of 2008, the US International Trade Commission (ITC) said on Friday.

The drop reflects the impact of the global recession on etac's main niche markets, which include personal care and household products such as ink and nail polish.

Spain and France were the top US etac export destinations in January, accounting for a collective 1,575 tonnes, or 63% of total shipments, the ITC said.

January exports sank almost 66% from 7,319 tonnes in December 2008, according to the data.

US Gulf coast export FOB (free on board) prices were $1,102-1,190/tonne (€860-928/tonne) over 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 now by Celanese.

($1 = €0.78)

For more on ethyl acetate, visit ICIS chemical intelligence
For more on Celanese, Eastman Chemical and Solutia visit ICIC company intelligence
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By: Lane Kelley
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