12 January 2010 21:02 [Source: ICIS news]
HOUSTON (ICIS news)--US exports of ethyl acetate (etac) in November 2009 totalled 4,760 tonnes, down by 11% from 5,361 tonnes during the same month last year, the US International Trade Commission (ITC) said on Tuesday.
November exports rose almost 69% over 2,823 tonnes in the previous month, the ITC said.
In the first 11 months of 2009 etac exports fell 47% to 32,575 tonnes, compared with 61,243 tonnes in the same period of 2008, according to the data.
The decline reflects a niche market still plagued by a falloff in demand due to the global recession, market sources said. Etac's major downstream market is in inks, coatings and adhesives.
Those two countries plus
US Gulf coast export FOB (free on board) prices were 49-54 cents/lb ($1,080-1,191/tonne, €745-822/tonne) over the past month, according to global chemical market intelligence service ICIS pricing.
($1 = €0.69)
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