US January PET imports increase 88% year on year – ITC
12 March 2012 22:53 [Source: ICIS news]
Houston (ICIS)--?xml:namespace>US polyethylene terephthalate (PET) monthly imports increased by 88% year on year in January 2012, according to US International Trade Commission (ITC) statistics made available on Monday.
US PET imports for January were 46,261 tonnes, up by 88% from 24,584 tonnes in January 2011, the ITC said.
Month on month, PET imports in January increased by 10% to 46,261 tonnes from 42,174 tonnes in December. The increase came after growing demand as the high season for bottled drinks approaches.
US PET exports for January were 28,708 tonnes, up by 1% from 28,390 tonnes in January 2011.
The major export destination for US product is Canada, which took 7,944 tonnes in January, while Mexico is the key supplier of US imports, providing 13,608 tonnes that month.
Domestic prices for bottle grade PET are currently assessed by ICIS at 84.00-89.00 cents/lb ($1,852-1,962/tonne, €1,408-1,491/tonne) DEL.
US PET producers include DAK Americas, Indorama, Mossi & Ghisolfi Group and NanYa.
($1 = €0.76)By: Blanca Venegas713-525-2653
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