US May IPA exports fall 38% year on year

11 July 2012 23:08  [Source: ICIS news]

HOUSTON (ICIS)--US isopropanol (IPA) exports for May were down by 38% from the same month a year ago, according to data released by the US International Trade Commission (ITC) on Wednesday.

Exports decreased to 9,588 tonnes from 15,484 tonnes in May 2011. The decrease stemmed from 67% less product being shipped to Mexico, Brazil and Canada in May of this year – a total of 2,035 tonnes – compared with 6,250 tonnes during the same month last year.

US supply was essentially balanced with stable demand, prompting producers to ship fewer volumes abroad although prices were pressured downwards by cheap imports.

Month on month, exports were flat, but imports dropped by 18%. May imports were down by 22% versus the same month of 2011.

May 2012 imports totalled 5,591 tonnes, arriving primarily from Canada.

US prices for IPA were 80-82 cents/lb ($1,764-1,808/tonne, €1,446-1,483/tonne), as assessed by ICIS.

US IPA producers include Shell Chemicals, Dow Chemical, LyondellBasell and ExxonMobil.

($1 = €0. 82)

By: Larry Terry
1 713 525 2653

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