US Nov MIBK imports fall 67% year over year - ITC

12 January 2010 22:12  [Source: ICIS news]

HOUSTON (ICIS news)--US imports of methyl isobutyl ketone (MIBK) fell in November to 872 tonnes, a decrease of 67% from 2,662 tonnes during the same month in 2008, according to US International Trade Commission (ITC) data released on Tuesday.

However, November imports were up 24% from 706 tonnes during the previous month, the ITC said. The top source of imported material during November was South Africa, with 75% of the month’s volume.

November exports also declined by 77% from the year-ago period and by 29% from the previous month as domestic production waned in the face of destocking and diminished demand, sources said.

Canada and Australia were the top destinations for November, taking 80% of volume for the period, according to the ITC.

Current US prices for MIBK were 90-95 cents/lb ($1,984-2,094/tonne, €1,369-1,445/tonne), according to data from global chemical market intelligence service ICIS pricing.

US MIBK producers include Dow Chemical, Eastman and Celanese.

($1= €0.69)

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By: Larry Terry
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