US February acrylic acid imports fall by 52% year on year
12 April 2011 23:25 [Source: ICIS news]
HOUSTON (ICIS)--?xml:namespace>US imports of acrylic acid fell by 52% in February to 2,935 tonnes from 6,148 tonnes during the same month one year earlier, according to US International Trade Commission (ITC) data released on Tuesday.
Although domestic supply remained tight during February, domestic product was more available than it was last year. A spate of unplanned outages in the US that began in late 2009 had severely cut supply to the market throughout 2010.
Among the top three exporting countries, volumes shipped from Belgium jumped to 2,560 tonnes from only 100 tonnes a year ago. However, that gain was counterbalanced by a sharp reduction in imports from Germany, which shipped only 128 tonnes in February compared with 1,060 tonnes in the same month of 2010.
February imports from China dropped to 240 tonnes from 638 tonnes in February 2010.
By comparison, export levels were nearly flat, as product leaving US shores mostly for Brazil, Mexico and Peru totaled 1,673 tonnes, a drop of 10% from 1,860 tonnes in February 2010.
The contract price range for US glacial acrylic acid (GAA) was 138–143/cents/lb ($3,042–3,153/tonne, €2,099–2,176/tonne), as assessed by ICIS.
US acrylic acid suppliers include Dow Chemical, BASF, Sasol and Arkema Emulsion Systems.
($1 = €0.69)
For more on acrylic acid, visit ICIS chemical intelligenceBy: Larry Terry1 713 525 2653
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