US August IPA exports rise by 23% year on year

13 October 2011 23:20  [Source: ICIS news]

HOUSTON (ICIS)--US exports of isopropanol (IPA) rose in August to 19,675 tonnes, an increase of 23% from 16,020 tonnes during the same month one year ago, according to US International Trade Commission (ITC) data released on Thursday.

The primary destination was Belgium, which took 4,777 tonnes during the period. China, Brazil and Indonesia took volumes ranging from 2,553 tonnes to 2,896 tonnes.

Sources cited softening US demand and surplus domestic product as the reasons for the increase in US exports.

Year-on-year import levels also grew, but only marginally to 7,596 tonnes in August from 7,520 tonnes one year earlier. The primary source of that material was Canada, which shipped nearly 7,100 tonnes, or 93%, of the month’s imports.

Current prices for US IPA are 89–91 cents/lb ($1,962–2,006/tonne, €1,413–1,444/tonne), as assessed by ICIS. US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.

($1= €0.72)

For more on IPA visit ICIS Chemical Intelligence

By: Larry Terry
1 713 525 2653

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