US September IPA exports rise 83% year on year

13 November 2009 20:12  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of isopropanol (IPA) rose in September to 26,333 tonnes, an increase of 83% from 14,388 tonnes during same month a year ago, according to US International Trade Commission (ITC) data released on Friday.

Belgium was the most popular destination, taking 5,022 tonnes, or 19%, of the month’s volumes. Mexico, Singapore, China, Indonesia and Thailand each took between 3,000 and 4,000 tonnes.

Exports were also up by a similar magnitude from the previous month, reflecting weak US demand and a weaker dollar, which made US goods more attractive to foreign buyers, sources said.

September imports were up by 29% from the year-ago period. But they dropped by 9% for the first nine months of the year compared with the same nine-month period of 2008, according to the ITC.

US prices for IPA were 81-83 cents/lb ($1,786-1,830/tonne, €1,197-1,226/tonne), according to data from global chemical market intelligence service ICIS pricing.

US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.

($1= €0.67)

For more on IPA visit ICIS chemical intelligence
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By: Larry Terry
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