12 July 2012 16:59 [Source: ICIS news]
MIAMI, Florida (ICIS)--US polyethylene terephthalate (PET) May imports increased by 11% year on year, according to the US International Trade Commission (ITC).
US PET imports for May were 39,550 tonnes, up by 11% from 35,705 tonnes in May 2011, the ITC said.
Month on month, PET imports in May decreased by 13% to 39,550 tonnes from 45,438 tonnes in April. The decrease came on the back of continued weak demand.
US PET exports for May were 26,026 tonnes, down by 7% from 27,852 tonnes in May 2011.
The major export destination for US product was Canada, with 8,112 tonnes in May, while Mexico is the key supplier of imports to the US, with 14,416 tonnes for the same period.
Domestic prices for bottle grade PET are assessed by ICIS at 78.00-83.00 cents/lb ($1,720-1,830/tonne, €1,410-1,501/tonne) DEL.
US PET producers include DAK Americas, Indorama, Mossi & Ghisolfi Group, and NanYa.
($1 = €0.82)
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