10 June 2010 23:25 [Source: ICIS news]
HOUSTON (ICIS news)--US exports of butyl acetate (butac) in April totalled 4,499 tonnes, up about 10% over 4,106 tonnes shipped abroad during the same month of 2009, the US International Trade Commission (ITC) said on Thursday.
Through April, exports totalled 17,245 tonnes, up by 29% compared with 13,393 tonnes in the first four months last year, according to ITC data.
Sources attributed the increase to a strengthening global market, particularly in the automotive sector. Butac is a major ingredient in automotive paint.
In Mexico, the leading export destination, April auto production soared 77% over the same month a year ago, according to the Mexican Automobile Industry Association, or AMIA.
Through April, Mexico, Brazil, Canada and the United Arab Emirates (UAE) led all export destinations, accounting for a collective 11,555 tonnes, or 67% of total shipments, according to the data.
US Gulf coast export free on board (FOB) prices were 80-84 cents/lb ($1,764-1,852/tonne, €1,464-1,537/tonne) over the past month, according to ICIS pricing.
Major US butac producers include Dow Chemical, Eastman Chemical and Oxea Group.
($1 = €0.83)
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