US September methanol imports decline by 20% year on year

09 November 2012 19:39  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports in September dropped by 20% year on year, partly because of an 8% decline in shipments from the largest exporter, Trinidad and Tobago, according to data released on Friday by the US International Trade Commission (ITC).

US methanol imports totalled 505.59m litres, compared with 633.98m litres in the same month of 2011.

The decline in shipments from Trinidad stemmed from ongoing natural gas curtailments there, which have cut output by methanol and other chemical producers on the tiny Caribbean island.

US methanol imports from Trinidad’s closest neighbor, Venezuela, rose by 30%, totalling 125.02m litres in September compared with 95.64m litres in the same month of 2011.

US imports from Indonesia almost doubled, to 24.05m litres in September compared with 12.65m litres in the same month last year.

Methanol imports from Trinidad & Tobago declined by 6% in the first nine months this year, to 3.38bn litres, compared with 3.58bn litres in the same period last year.

Methanol plants at Trinidad’s Port Lisas Industrial Estate accounted for 68% of US imports in September.

Shipments from Canada declined by 43%, to 14.92m litres, compared with 26.36m litres in September 2011.

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

By: Lane Kelley
+1 713 525 2653

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