10 August 2012 18:24 [Source: ICIS news]
HOUSTON (ICIS)--US methanol imports in June slipped by almost 2% year on year because of ongoing production curtailments by the largest source, Trinidad and Tobago, according to data released on Friday by the US International Trade Commission (ITC).
US methanol imports totalled 567.33m litres, compared with 576.28m litres in the same month of 2011.
Shipments from Trinidad and Tobago, the top exporter to the US, fell by 10% to 386.0m litres, compared with 429.21m litres in June 2011.
The island country off the coast of Venezuela accounted for 66% of US imports in June.
So far this year, US methanol imports from Trinidad have declined by 3%, reflecting the ongoing natural gas curtailment in that country which has reduced methanol production.
Imports from Venezuela continued to make up some of Trinidad’s lost production, with the South American country shipping 104.69m litres to the US, up by 52% from 68.70m litres exported in the same month of 2011. Venezuela accounted for 18% of all US methanol imports in June, according to the data.
US methanol sellers include Methanex, BP, SABIC and Southern Chemical.
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