12 October 2012 16:49 [Source: ICIS news]
HOUSTON (ICIS)--US imports of expandable polystyrene (EPS) for August were up by 40% from the same month in 2011, according to data released by the US International Trade Commission (ITC) on Friday.
US EPS imports rose to 18,356 tonnes in August 2012 from 13,155 tonnes in 2011.
The Bahamas, Canada and Mexico were responsible for the most EPS brought into the US, together representing more than 76% of imports.
Imports from Korea more than tripled, rising to 3,298 tonnes in August 2012 from 883 tonnes from the same month of 2011. The increased activity is related to the passage of a free trade agreement with the country, sources have said.
US EPS exports fell by 16.3% in August to 6,934 tonnes from 8,285 tonnes in 2011.
Mexico, Canada and Hong Kong were the top destinations for US EPS exports.
Major North American EPS producers are BASF, Nova Chemicals, Flint Hills Resources, Styrochem and Nexkemia.
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