09 November 2012 20:57 [Source: ICIS news]
HOUSTON (ICIS)—US September acetone exports fell by 57% year on year, according to data released on Friday by the US International Trade Commission (ITC).
US September acetone exports were 13,484 tonnes, down from 31,060 tonnes a year ago.
Month on month, September acetone exports fell by 23% from 17,432 tonnes in August 2012.
Most of the fall in exports is attributed to tighter US supply because of lower operating rates.
With acetone co-product phenol seeing weaker exports, producers have lowered their operating rates, which has pushed acetone supply tight.
Because phenol is the bigger product in the relationship, strong demand and healthy margins for acetone have been outweighed.
US spot acetone prices in September were assessed by ICIS at 42-46 cents/lb ($926-1,014/tonne, €722-791/tonne) FOB (free on board).
Major US acetone producers include Dow Chemical, Georgia Gulf, Haverhill Chemical, Honeywell, INEOS Phenol and Shell Chemical.
($1 = €0.78)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections