11 March 2011 01:36 [Source: ICIS news]
HOUSTON (ICIS)--US polyvinyl chloride (PVC) January exports rose by 9% year on year, according to data released by the US International Trade Commission (ITC) on Thursday.
January 2011 exports totalled 230,111 tonnes, compared with 211,926 tonnes exported from the US in January 2010, according to ITC statistics.
However, January 2011 exports dropped by 10% month on month from 255,646 tonnes in December 2010.
Canada was the leading destination for US PVC in January, purchasing 10% more PVC than in the same period a year ago. Canada purchased 31,853 tonnes in January 2011, compared with 28,605 tonnes in January 2010.
Exports to China, the second-largest importer of US PVC, were up 4% in January 2011 to 23,922 tonnes from a total of 22,978 tonnes in the same month the previous year.
Mexico, the third-largest consumer of US PVC, increased US imports by 34% in January 2011 to 17,846 tonnes, compared with 13,283 tonnes in the first month of 2010.
PVC exports from the US have been on the rise as the domestic housing and construction market has remained sluggish.
Testimony presented to the Senate Committee on Banking, Housing and Urban Affairs this week depicted a grim recovery of the US housing sector.
US home prices are currently 34% below peak values seen at the height of the housing boom of 2003-2006, according to the testimony of Dr. Susan Wachter, a professor at The Wharton School of the University of Pennsylvania.
US PVC producers include Formosa Plastics, Georgia Gulf, Westlake and Shintech.
($1 = €0.72)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections