US December IPA imports more than triple year over year
10 February 2010 22:44 [Source: ICIS news]
HOUSTON (ICIS news)--US imports of isopropanol (IPA) rose in December to 6,788 tonnes, more than triple the 2,180 tonnes imported during the same month of 2008, according to US International Trade Commission (ITC) data released on Wednesday.
Improved US demand in 2009 led to a 12% increase in full-year import numbers as well, when IPA volumes shipped to the US grew to 70,810 tonnes last year from 63,386 tonnes in 2008.
Year over year, the top source of December imports was Canada, with 6,664 tonnes or 98% of the month’s volume.
IPA exports also were up in December 2009, more than doubling from the year-earlier period, according to ITC.
The top export destinations were China, Belgium and the Philippines, which together took 53% of the month’s total exports of 30,823 tonnes, the ITC data indicated.
For full-year 2009, however, overall exports were down by 4% to 295,395 tonnes from 306,149 during the previous year.
Current US prices for IPA were 74-76 cents/lb ($1,631-1,675/tonne, €1,191-1,223/tonne), according to data from global chemical market intelligence service ICIS pricing.
US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.
($1= €0.73)
For more on IPA, visit ICIS chemical intelligence
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By: Larry Terry
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