December US MEK imports rise by 33% year over year

10 February 2010 22:56  [Source: ICIS news]

HOUSTON (ICIS news)--US imports of methyl ethyl ketone (MEK) rose in December to 2,087 tonnes, an increase of 33% from 1,572 tonnes during the same month of 2008, according to US International Trade Commission (ITC) data released on Wednesday.

Improved US economic conditions toward the latter end of 2009 helped contribute to an 11% increase in full-year import numbers as well, when MEK volumes shipped to the US grew to 57,446 tonnes in 2009 from 51,671 tonnes in 2008.

The top sources of December imports were the Netherlands, Germany and South Africa, with 95% of the month’s imports.

Exports were also up in December 2009, rising by 25% versus the year-earlier period. The top destinations were Mexico, Ecuador and Canada, which took 96% of the month’s total exports of 1,625 tonnes, according to the ITC.

For full-year 2009, however, overall exports fell by 21% to 21,575 tonnes from 27,322 tonnes during the previous year.

Current US prices for MEK were 64-68 cents/lb ($1,411-1,499/tonne, €1,030-1,094/tonne), according to global chemical market intelligence service ICIS pricing.

ExxonMobil produces MEK in the US.

($1= €0.73)

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

By: Larry Terry
1 713 525 2653

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