08 January 2013 18:45 [Source: ICIS news]
HOUSTON (ICIS)--US ethyl acetate (etac) distributor prices dropped an average of 2 cents/lb ($44/tonne, €33/tonne) during the past week as domestic prices were undercut by imports, sources said on Tuesday.
The drop lowered the etac distributor price range to 78-86 cents/lb from the previous 82-86 cents/lb, buyers and sellers said.
Domestic etac remained priced in the mid-80s, with imports at the low end, sources said. Imported material was of a lower grade than the higher-priced etac, a seller said.
The most recent US etac trade data shows imports increasing by 35% in 2012 through October. Mexico and South Africa were the top two sources in tonnage shipped, according to data from the US International Trade Commission.
Etac contract and spot prices remained unchanged.
Etac suppliers in the US include Celanese, Eastman and Sasol. Etac is used primarily for inks and coatings and is an ingredient in nail polish.
($1 = €0.76)
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