US May MEK exports down by 63% year on year

11 July 2012 23:54  [Source: ICIS news]

HOUSTON (ICIS)--US methyl ethyl ketone (MEK) exports for May were down by 63% from the same month a year ago, according to data released by the US International Trade Commission (ITC) on Wednesday.

Exports decreased to 1,366 tonnes from 3,669 tonnes in May 2011. The largest decrease was a 37% drop in volumes shipped to Mexico.

Volumes to Canada and Peru were down only marginally, as more product stayed in the US amid some indications of stable-to-increased domestic demand among some end markets, sources said. US prices, however, were pressured downwards by cheap imports.

Month on month, exports were down by 40%, and imports were down similarly by 35%. But May imports were up by 21% versus the same month of 2011.

May 2012 imports totalled 5,932 tonnes, arriving primarily from the Netherlands, South Africa and China.

US prices for MEK were 95-99 cents/lb ($2,094-2,183/tonne, €1,717-1,790/tonne), as assessed by ICIS.

US MEK suppliers include Shell Chemicals and ExxonMobil.

($1= €0.82)

By: Larry Terry
1 713 525 2653

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