10 July 2009 12:18 [Source: ICIS news]
HOUSTON (ICIS news)--US imports of isopropanol (IPA) fell in May to 5,999 tonnes, a decrease of 24% from 7,908 tonnes during same period a year ago, according to US International Trade Commission (ITC) data released on Friday.
However, May IPA imports were up by 18% from April, as demand improved and began to approach a balance with supply, market sources said. Canada was by far the largest source of imported material to the US, with 96%, or 5,752 tonnes, shipped here during the period, the ITC said.
Year-over-year exports of IPA fell by 18% to 25,336 tonnes from 30,994 tonnes. China, Belgium and India were the top three export destinations, accounting for 14,898 tonnes, or 59% of total shipments.
Current US prices for IPA were 57-59 cents/lb ($1,257-1,301/tonne, €892-924/tonne), according to data from global chemical market intelligence service ICIS pricing.
US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.
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