US January acetone exports drop 75% year on year on tight supply

08 March 2013 19:47  [Source: ICIS news]

HOUSTON (ICIS)—US January exports of acetone were 75% lower year on year, data released on Friday by the US International Trade Commission showed.

US January 2013 acetone exports were 10,343 tonnes, down from 40,807 tonnes a year ago.

The fall is largely predicated on tight supply, which stemmed from low operating rates at US facilities.

The low operating rates were driven by weak demand for acetone co-product phenol, which experienced a 54% drop in January exports year on year.

Additionally, strong demand and high prices in the US domestic market limited the attractiveness of exporting acetone.

Month on month, US January acetone exports fell by 17% from 12,434 tonnes in December 2012.

Major US acetone producers include Axiall, Haverhill Chemical, Honeywell, INEOS Phenol and Shell Chemical.

By: John Dietrich

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