US August acetic acid exports rise 27% year over year - ITC

14 October 2010 21:46  [Source: ICIS news]

HOUSTON (ICIS)--US acetic acid exports rose to 99,925 tonnes in August, up by 27% compared with 78,538 tonnes in the same month of 2009, according to US International Trade Commission (ITC) data released on Thursday.

Year-to-date through August, acetic acid exports totalled 644,799 tonnes, down by 12% compared with 731,815 tonnes during the same period last year, the ITC data showed.

US exports fell because of weaker demand overseas, sources said.

Belgium and Mexico continued as the top two export destinations, increasing their take by more than 12% through August to 488,223 tonnes, compared with 427,023 tonnes in the same period of 2009.

US Gulf coast export FOB (free on board) acetic acid prices were $500-575/tonne (€360-414/tonne) over the past month, as assessed by ICIS.

Major US acetic acid sellers include BP, Celanese and Eastman Chemical.

($1 = €0.72)

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By: Lane Kelley
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