US August methanol imports decline by 3% year on year

12 October 2012 19:52  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports in August fell by 3% year on year because of fewer shipments from Venezuela, according to data released on Friday by the US International Trade Commission (ITC).

US methanol imports totalled 563.87m litres, compared with 583.19m litres in the same month of 2011.

Imports from Venezuela declined by half in August to 66.88m litres, compared with 133.91m litres in the same month of 2011.

This decline was enough to offset a 13% year on year rise in shipments from Trinidad & Tobago, the top exporter to the US, to 423.53m litres, compared with 374.63m litres. The island country off the coast of Venezuela accounted for 75% of US imports in August.

So far this year, US methanol imports from Trinidad have declined by 5%, reflecting the ongoing natural gas curtailment that has reduced methanol production there.

US methanol sellers include Methanex, BP, SABIC and Southern Chemical.



By: Lane Kelley
+1 713 525 2653



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