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)
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