US methanol imports rise 16% in September year on year

10 November 2011 22:05  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports rose by 16% in September to 633.9m litres compared with 545.3m litres in the same month of 2010, according to data released by the US International Trade Commission (ITC) on Thursday.

Egypt, Canada and Indonesia accounted for all of the increase and then some, adding more than 97m liters to US imports. Egypt, where Methanex opened a plant this year at Damietta, sent about 58m liters, according to the ITC data.

Trinidad and Tobago continued as the leading exporter to the US, sending 363.0m litres, down by 10% from its shipments totaling 403.7m litres in September 2010.

The lower imports from Trinidad reflect a methanol production cutback there that has lasted for most of this year because of a curtailment in producers’ natural gas supplies.

The cutback in Trinidad is expected to last through the end of this year, according to methanol sources.

US methanol sellers include Methanex, BP, SABIC and Southern Chemical.

For more about methanol visit ICIS chemical intelligence

By: Lane Kelley
+1 713 525 2653

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