12 March 2012 21:36 [Source: ICIS news]
Exports decreased to 15,509 tonnes from 22,749 tonnes in January 2011.
The decline was the result of weaker foreign demand during the period, which lengthened domestic supply, market sources said.
Most IPA shipped abroad went to
Collectively, those top five destinations took 87% of January’s exports.
Month on month, exports fell by 13% from 17,792 tonnes in December, the ITC said.
Imports came primarily from
US prices for IPA were 73-75 cents/lb ($1,609-1,653/tonne, €1,223-1,256/tonne), as assessed by ICIS.
US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.
($1= €0. 76)
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