US May methanol imports increase 37% year on year

11 July 2012 21:14  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports in May jumped 37% year on year because of an increase in shipments from top exporters and a new source, Japan, according to data released on Wednesday by the US International Trade Commission (ITC).

US methanol imports totalled 656.8m litres, compared with 478.2m litres in the same month of 2011.

Shipments from Trinidad and Tobago,  the top exporter to the US, rose by 5.6% to 409.9m litres, compared with 388.3m litres in May 2011.

The island country off the coast of Venezuela accounted for 62% of US imports in May.

So far this year, US methanol imports from Trinidad have declined by 1.1%, reflecting the ongoing natural gas curtailment in that country which has reduced methanol production.

Imports from Venezuela totalled 169.6m litres, almost treble the 57.2m litres in the same month of 2011. The South American country accounted for 26% of all US methanol imports in May, according to the data.

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

By: Lane Kelley
+1 713 525 2653

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