US February MEK exports fall by 60% year on year
12 April 2011 22:47 [Source: ICIS news]
HOUSTON (ICIS)--?xml:namespace>US exports of methyl ethyl ketone (MEK) fell in February to 2,743 tonnes, a decrease of 60% from 6,813 tonnes during the same month in 2010, according to US International Trade Commission (ITC) data released on Tuesday.
Exports in February were nearly flat from January, rising by 1%.
Of the top three export destinations, Mexico took 1,818 tonnes, nearly 800 tonnes more than it did in February 2010, while Colombia took 238 tonnes, slashing by 75% the 944 tonnes it took in one year ago. Canada’s take changed little from the year-earlier period at 228 tonnes, according to ITC data.
Sources said material from Asia continued to be less expensive than domestic spot product and helped triple February MEK import levels to 5,470 tonnes from 1,346 tonnes in the same month of 2010.
Current US contract prices for MEK were 105-109 cents/lb ($2,315-2,403/tonne, €1,597-1,658/tonne), as assessed by ICIS.
US MEK producers include Shell Chemicals and ExxonMobil.
For more on MEK, visit ICIS chemical intelligenceBy: Larry Terry1 713 525 2653
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