US May acrylic acid imports drop by 74% year on year
12 July 2011 22:41 [Source: ICIS news]
HOUSTON (ICIS)--?xml:namespace>US imports of acrylic acid fell sharply in May to 3,095 tonnes, a decrease of 74% from 11,696 tonnes during the same month of 2010, according to US International Trade Commission (ITC) data released on Tuesday.
The intense supply constraints of a year ago had eased considerably by spring 2011 amid softer-than-expected demand for coatings and adhesives from the US construction market, sources said.
Malaysia was the primary source for acrylic acid imports in May, shipping 2,042 tonnes, or 66% of total imports for the period.
Exports rose to 3,366 tonnes in May, increasing by 39% over May 2010.
Belgium and Brazil were the top export destinations, taking 1,500 tonnes and 1,303 tonnes, respectively, or 83% of the month’s overseas shipments.
US prices for acrylic acid were $1.50-1.55/lb ($3,307-3,417/tonne, €2,348-2,426/tonne), as assessed by ICIS.
US acrylic acid suppliers include Dow Chemical, BASF, Sasol and Arkema Emulsion Systems.
For more on acrylic acid, visit ICIS Chemical IntelligenceBy: Larry Terry1 713 525 2653
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.