US September MEK imports fall by 62% year on year

13 November 2009 21:14  [Source: ICIS news]

HOUSTON (ICIS news)--US imports of methyl ethyl ketone (MEK) fell in September to 2,294 tonnes, a decrease of 62% from 6,014 tonnes during the same month a year ago, according to US International Trade Commission (ITC) data released on Friday.

Brazil shipped 1,000 tonnes to the US in September, compared with only 189 tonnes one year ago, but that increase was not enough to boost overall imports.

There were no shipments from the UK in September, compared with nearly 3,000 tonnes during the same month last year. Volume from South Africa dropped by 67%, to 498 tonnes in September from 1,498 tonnes during the same period in 2008, the ITC said.

September exports also slipped by 33% compared with the year-ago period.

MEK prices rose in August and September on feedstock pressure, but diminished demand and cheaper imports have recently pushed prices down again.

US prices for MEK were 64-68 cents/lb ($1,411-1,499/tonne, €945-1,004/tonne),  according to data from global chemical market intelligence service ICIS pricing.

US MEK producers include Shell and ExxonMobil.

($1= €0.67)

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