10 November 2011 20:02 [Source: ICIS news]
HOUSTON (ICIS)--US September styrene exports and imports declined compared with the same month a year ago, according to data issued on Thursday by the US International Trade Commission (ITC).
The September decline in exports and imports - the fourth consecutive month of reduced trade - came as the styrenics market entered a seasonal lull, causing weaker demand, and feedstock benzene prices moved lower.
September styrene exports were at 136,447 tonnes, down by 9% from 150,588 tonnes in September 2010.
However, September's exports were up by 36% from the 100,693 tonnes exported in August.
The top three destinations for US styrene in September were Mexico, Netherlands, and Columbia.
Meanwhile, September styrene imports were at 34,434 tonnes, down by 21% from 43,534 tonnes in September 2010.
Month on month imports were down by 28% from 47,950 tonnes in August.
Canada was the only source of US styrene imports in September.
Shell Canada has a 450,000 tonne/year styrene plant in Fort Saskatchewan, Alberta, while Styrolution has a 455,000 tonne/year styrene production facility in Sarnia, Ontario.
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