US January IPA exports fall 32% year on year

12 March 2012 21:36  [Source: ICIS news]

HOUSTON (ICIS)--US isopropanol (IPA) exports for January were down by 32% from the same month a year ago, according to data released by the US International Trade Commission (ITC) on Monday.

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 Belgium, which took 5,554 tonnes, compared with 7,842 tonnes in the same month last year. The other four most popular destinations were Spain, Mexico, India and Thailand, which took equal or larger amounts than a year ago.

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 Canada and were down by 17% versus January 2011.

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)

By: Larry Terry
1 713 525 2653

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