US May PP exports drop 27% year over year, up sequentially - ITC

13 July 2010 21:55  [Source: ICIS news]

HOUSTON (ICIS news)--US polypropylene (PP) exports totalled 114,880 tonnes in May, falling 27% from the same month a year earlier, the US International Trade Commission (ITC) said on Tuesday.

PP exports rose by nearly 20,000 tonnes from April to May of this year, however. The 20% month-to-month increase was driven by an uptick in May cargoes to Asia, particularly China, Korea and Vietnam, according to the data.

Through the first five months of 2010, PP exports were 501,400 tonnes, down 182,185 tonnes (27%) from 683,585 tonnes during the same period a year earlier.

Mexico was the largest PP export destination through May at 187,002 tonnes, followed by Canada at 110,260 tonnes and China at 97,402 tonnes, including Hong Kong.

A year earlier, China had drawn the most US PP exports at 239,840 tonnes, following a surge in consumption due to the government’s economic stimulus programmes.

Year-to-date PP imports were 65% higher at 31,347 tonnes, with increases seen from Canada, Korea, Mexico and Japan.

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By: David Barry
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