US January MEK imports more than double year-ago volume

11 March 2010 22:48  [Source: ICIS news]

HOUSTON (ICIS news)--US imports of methyl ethyl ketone (MEK) rose in January to 5,628 tonnes, an increase of 129% from 2,454 tonnes imported during the same month of 2009, according to US International Trade Commission (ITC) data released on Thursday.

Competitively priced imports contributed to larger volumes sent to the US from Germany, the Netherlands and Brazil, which together accounted for 73% of US imports in January.

MEK imports were up by nearly 170% in January from December, the commission indicated.

US MEK exports also rose significantly in January to 2,891 tonnes compared with the 1,122 tonnes shipped to foreign buyers in January a year ago, according to the ITC.

About 52% of January’s MEK exports were shipped to Mexico.

Current US prices for MEK were 62-66 cents/lb ($1,367-1,455/tonne, €998-1,062/tonne), according to data from global chemical market intelligence service ICIS pricing

US MEK suppliers include Shell Chemicals and ExxonMobil.

($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
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