US acetic acid exports increase 14% year on year - ITC

10 March 2011 23:11  [Source: ICIS news]

HOUSTON (ICIS)--US acetic acid exports rose 14% to 80,864 tonnes in January from 70,993 tonnes in the same month of 2010, according to US International Trade Commission (ITC) data released on Thursday.

Belgium and Mexico were by far the largest destinations for US acetic exports in January, receiving 85% of the shipments.

The two countries accounted for all of the acetic increase and then some, taking 10,178 tonnes more material during the first month this year than received in January 2010.

US exports grew by 9,871 tonnes from January 2010 to January 2011.

The year-on-year increase stemmed from traditional year-end destocking to clear inventories for the beginning of the new year, sources said.

US US Gulf coast export FOB (free on board) acetic acid prices were $600-700/tonne (€432-504/tonne) over the past month, as assessed by ICIS.

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

($1 = €0.72)

For more on acetic acid visit ICIS chemical intelligence

By: Lane Kelley
+1 713 525 2653

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