US 2010 IPA exports down by 20% from 2009 - ITC

11 February 2011 22:18  [Source: ICIS news]

HOUSTON (ICIS)--US isopropanol (IPA) exports for 2010 shrank by 20% from 2009 levels, according to data released by the US International Trade Commission (ITC) on Friday.

IPA exports totalled 237,275 tonnes in 2010, down from 295,395 tonnes in 2009, the ITC said. The decline was partly because of increased domestic demand compared with recessionary weakness in US paints and coatings markets during 2009.

December exports also fell by 22%, to 16,769 tonnes from 21,631 tonnes in November 2010.

The largest foreign customers for US IPA in December were China and Mexico, the ITC data revealed.

On the import side, Canada shipped 98% of the 4,836 tonnes of IPA that arrived in the US in December.

Imports were virtually flat in 2010 from 2009.

US prices for IPA are at 79-82 cents/lb ($1,742-1,808/tonne, €1,289-1,338/tonne), as assessed by ICIS.

US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.

($1= €0.74)

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By: Larry Terry
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