10 May 2012 18:42 [Source: ICIS news]
HOUSTON (ICIS)--US imports of expandable polystyrene (EPS) for March were up by 9.7% from the same month in 2011, according to data released by the US International Trade Commission (ITC) on Thursday.
US EPS imports rose to 16,003 tonnes in March from 14,588 tonnes in 2011.
The Bahamas, Canada and Mexico were responsible for the most EPS imported to the US, together representing more than 80% of imports.
Canada imported 68% more material to the US in March 2012, compared with the same month of 2011, while imports from the Bahamas, China and Germany also grew.
Imports from Korea fell by nearly 43% in March 2012 from the same month of 2011, despite the implementation of a free trade agreement between the US and South Korea that went into effect in March.
US EPS exports increased by 3.5% in March to 7,767 tonnes, up from 7,505 tonnes in 2011.
Mexico, Canada and Hong Kong were the top destinations for US EPS exports,
Major US EPS producers are BASF, Nova Chemicals, Flint Hills Resources, Styrochem and Nexkemia.
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