US February PET imports increase 105% year on year – ITC

13 April 2012 18:21  [Source: ICIS news]

HOUSTON (ICIS)--US polyethylene terephthalate (PET) February imports increased by more than double year on year, according to US International Trade Commission (ITC) statistics made available on Friday.

US PET imports for February 2012 were 42,892 tonnes, up from 20,934 tonnes in February 2011, the ITC said.  

Month on month, PET imports in February decreased by 7% to from 46,261 tonnes in January. The decrease was following slow increasing demand moving into warmer temperatures and a high demand season for bottled drinks.

US PET exports for February were 30,227 tonnes, up by 17% from 25,875 tonnes in February 2011.

The major export destination for US product is Canada, with 9,249 tonnes in February 2012, while Mexico is the key supplier of imports to the US, with 19,080 tonnes for the same period.

Domestic prices for bottle grade PET are currently assessed by ICIS at 86.00-91.00 cents/lb ($1,896-2,006/tonne, €1,441-1,525/tonne) DEL.

US PET producers include DAK Americas, Indorama, Mossi & Ghisolfi Group, and NanYa.

($1 = €0.76)

By: Blanca Venegas

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