08 June 2012 20:44 [Source: ICIS news]
MIAMI, Florida (ICIS)--US polyethylene terephthalate (PET) April imports increased by 43% year on year, according to US International Trade Commission (ITC) statistics made available on Friday.
US PET imports for April 2012 were 45,438 tonnes, up from 31,776 tonnes in April 2011, the ITC said.
Month on month, PET imports in April increased by 8% from 42,113 tonnes in March. The increase was following an anticipated high demand season for bottled drinks amid warmer temperatures.
US PET exports for April were 29,973 tonnes, down by 33% from 44,813 tonnes in April 2011.
The major export destination for US product is Canada, with 9,121 tonnes in April, while Mexico is the key supplier of imports to the US, with 16,205 tonnes for the same period.
Domestic prices for bottle grade PET are currently assessed by ICIS at 83.00-88.00 cents/lb ($1,830-1,940/tonne, €1,446-1,533/tonne) DEL.
US PET producers include DAK Americas, Indorama, Mossi & Ghisolfi Group, and NanYa.
($1 = €0.79)
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