US November etac exports drop by 11% from same month in 2008

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.

Spain and Canada continued to lead all export destinations, accounting for a collective 17,195 tonnes for January through November - or almost 53% of total shipments.

Those two countries plus Mexico, Turkey and Venezuela received 79% of all etac exports through November, or 25,857 tonnes.

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.

Major US etac producers include Celanese, Eastman Chemical and Solutia, whose material is marketed by Celanese.

($1 = €0.69)

For more on ethyl acetate, visit ICIS chemical intelligence
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By: Lane Kelley
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