12 April 2011 20:55 [Source: ICIS news]
HOUSTON (ICIS)--US acetic acid exports dropped 38% to 59,660 tonnes in February from 95,521 tonnes in the same month of 2010, according to US International Trade Commission (ITC) data released on Tuesday.
In the first two months this year US acetic exports fell 16% to 140,524 tonnes compared with 166,514 tonnes in the same period of 2010.
Most of the drop came from weaker demand in Belgium, the largest export destination, which took only 22,797 tonnes during February, down 57% from 53,018 tonnes received in the same month of 2010.
Belgium, Mexico and Brazil remained the largest destinations by far for US acetic exports in February, receiving 88% of the shipments.
But the three countries took 37,241 tonnes less material during February this year than received in the same month of 2010.
As a group, the three countries’ take during February dropped by almost 42%, to 52,099 tonnes compared with 89,340 tonnes in the second month of 2010.
US Gulf coast export free on board (FOB) acetic acid prices were $600-700/tonne (€414-483/tonne) over the past month, as assessed by ICIS.
Major US acetic acid sellers include BP, Celanese and Eastman Chemical.
($1 = €0.69)
For more on acetic acid visit ICIS chemical intelligence
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