09 October 2009 18:26 [Source: ICIS news]
HOUSTON (ICIS news)--US exports of paraxylene (PX) to Mexico were up by 22% year over year in August, according to trade data released by the US International Trade Commission (ITC) on Friday.
The US sent 77.2m litres of PX to Mexico in August versus 63.3m litres in the same month last year.
An uptick in the PX volume headed to Mexico has been a trend all year as total exports to the country rose by 55% year over year to 716.8m litres in the first eight months of the year, according to the ITC.
The statistics underscore Alpha Group's larger role in the PX market. Petrotemex, a part of the Alpha Group, is the largest Mexican PX buyer.
Mexico draws most of US PX exports while smaller volumes go to China, Korea and Taiwan.
China's take of US PX from January-August 2009 dropped 47% from the same time period in 2008 on capacity builds and soft polyester markets in Asia. China brought in 87.7m litres of US PX in 2009 compared with 165.4m in 2008.
Meanwhile, total US imports of PX declined 11% in the first eight months of 2009 to 841m litres. August imports fell by 32% to 74.6m litres from 109.3m litres last August.
Venezuela and Brazil were the largest suppliers of imports into the US, according to ITC data.
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