US January MEK imports more than triple year on year

12 March 2012 22:15  [Source: ICIS news]

HOUSTON (ICIS)--US methyl ethyl ketone (MEK) imports for January more than tripled year on year, according to data released by the US International Trade Commission (ITC) on Monday.

Imports increased to 5,621 tonnes from 1,786 tonnes in January 2011.

Despite weak seasonal demand, the January increase was due partly to tightening supply amid a number of scheduled cracker outages in the US Gulf coast region, sources said. Softer market conditions also prevailed during the year-ago period.

The bulk of imported product, or 85%, came from the UK, the Netherlands and South Africa, the ITC said.

MEK exports were down marginally to 2,433 tonnes in January from 2,715 tonnes one year ago. The top destination was Mexico, which took 73% of the month’s exports.

US prices for MEK are 93–97cents/lb ($2,050–2,138/tonne, €1,558–1,625/tonne), as assessed by ICIS.

US MEK suppliers include Shell Chemicals and ExxonMobil.

($1= €0.76)

By: Larry Terry
1 713 525 2653

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