US 2012 methanol imports decline by 7% from 2011

11 February 2013 22:19  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports in 2012 declined by 7% from 2011, largely on fewer shipments from the top US source, Trinidad & Tobago, according to data released on Monday by the US International Trade Commission (ITC).

US methanol imports totalled 6.41bn litres in 2012 compared with 6.92bn litres in 2011.

Shipments from Trinidad and Tobago accounted for most of the decline, with cargoes from the tiny Caribbean country to the US totalling 4.33bn litres, a decline of more than 8% from 4.74bn litres the previous year.

Most of the decline stemmed from longstanding natural gas curtailments in Trinidad that have reduced methanol production there.

Trinidad and Tobago accounted for almost 68% of US imports in 2012, with Venezuela shipping 20%, according to the ITC data. Canada ranked third, with 3%.

Converting litres to metric tonnes, Trinidad exported 3.46m tonnes to the US in 2012. Total US methanol imports came to 5.13m tonnes.

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

By: Lane Kelley
+1 713 525 2653

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