US October methanol imports drop 33% on cutbacks in Trinidad

12 December 2012 19:09  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports in October fell by 33% year on year largely because of cutbacks in Trinidad and Tobago, the largest source, according to data made available on Wednesday by the US International Trade Commission (ITC).

US methanol imports totalled 429.88m litres, compared with 637.01m litres in the same month of 2011.

Imports from Trinidad declined by 41% in October to 266.04m litres, compared with 447.95m litres in the same month of 2011. The island country off the coast of Venezuela accounted for 62% of all US imports.

Converting litres to metric tonnes, Trinidad exported 212,832 tonnes to the US in October, according to the ITC data. So far this year, US methanol imports from Trinidad have declined by almost 10%. The decline stems from longstanding natural gas curtailments that have reduced methanol production there.

US methanol imports through October this year total 4.32m tonnes, down 7.7% compared with 4.68m tonnes in the first 10 months of 2011, according to the ITC.

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

By: Lane Kelley
+1 713 525 2653

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