November MEK imports rise by 64% year over year

12 January 2010 21:49  [Source: ICIS news]

HOUSTON (ICIS news)--US imports of methyl ethyl ketone (MEK) rose in November to 6,210 tonnes, an increase of 64% from 3,793 tonnes during the same month in 2008, according to US International Trade Commission (ITC) data released on Tuesday.

November 2009 imports were also up by 23% from 5,033 tonnes during the previous month, the ITC said.

The top sources of imported material were Brazil, with 32%, and the Netherlands, with 21% of total imports for the month.

Although the domestic MEK market was relatively balanced, interest in imports was heightened by lower import prices, sources said.

November exports were up by 124% versus the year-ago period, but by only 29% from the previous month. The top export destinations were Chile and Mexico, which took 67% of November exports.

Current US prices for MEK were 64-68 cents/lb ($1,411-1,499/tonne, €974-1,034/tonne), according to global chemical market intelligence service ICIS pricing 

US MEK producers include Shell Chemicals and ExxonMobil.

($1= €0.69)

For more on MEK, visit ICIS chemical intelligence
To discuss issues facing the chemical industry, go to ICIS connect

By: Larry Terry
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