US April methanol imports drop 7% year on year

08 June 2012 20:19  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports in April fell by 7% year on year because of a drop in cargoes from Venezuela and Equatorial Guinea, according to data released on Friday by the US International Trade Commission (ITC).

US methanol imports totalled 503.8m litres, compared with 542.08m litres in the same month of 2011.

Shipments from the top exporter to the US – Trinidad and Tobago – rose slightly to 399.85m litres, up by 0.09% compared with 396.37m litres in April 2011.

The island country off the coast of Venezuela accounted for 79% of US imports in April.

Imports from Venezuela totalled 47.54m litres, down by 23% from 62.1m litres in the same month of 2011. Shipments from Equatorial Guinea dropped by 41%, to 30.79m litres compared with 52.2m litres in April 2011.

Venezuela and Equatorial Guinea are the second and third largest suppliers of methanol to the US behind Trinidad and Tobago, according to the ITC data.

So far this year, US methanol imports from Trinidad have declined about 3%, reflecting the ongoing natural gas curtailment in that country that has reduced methanol production.

US methanol sellers include Methanex, BP, SABIC and Southern Chemical.

By: Lane Kelley
+1 713 525 2653

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