US January methanol imports decline slightly year on year

08 March 2013 19:28  [Source: ICIS news]

HOUSTON (ICIS)--US methanol imports in January fell by 1.3% year on year on reduced shipments from Venezuela and Germany, according to data released on Friday by the US International Trade Commission (ITC).

US methanol imports totalled 591.78m litres, compared with 599.39m litres in the first month of 2012.

Imports from Venezuela declined by 29% in January to 115.18m litres, compared with 162.49m litres in the same month of 2012.

Shipments from Germany dropped by 59% to 36.13m litres, compared to 87.53m litres the same month a year earlier.

Imports from Trinidad & Tobago, the largest source, helped to offset most of the decline.

Shipments from the tiny Caribbean country increased by almost 36% in January to 426.72m litres, compared with 314.42m litres in the same month of 2012. The island country off the coast of Venezuela accounted for 72% of all US imports.

Converting litres to metric tonnes, Trinidad exported 341,378 tonnes to the US in January, according to the ITC data, a big increase over 251,536 tonnes in the same month a year earlier.

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

By: Lane Kelley
+1 713 525 2653

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