08 April 2013 23:38 [Source: ICIS news]
HOUSTON (ICIS)--US methanol imports in February jumped almost 26% year on year on increased shipments from its top source, Trinidad and Tobago, according to data released on Monday by the US International Trade Commission (ITC).
US methanol imports totalled 560.49m litres, compared with 445.91m litres in the same month of 2012.
Imports from Trinidad & Tobago accounted for practically all of the increase, with shipments from the Caribbean country of 366.24m litres, compared with 291.46m litres in the same month of 2012.
The island country off the coast of Venezuela accounted for about 65% of all US imports.
Imports from Venezuela, the second-largest exporter to the US, declined about 9% in February to 105.70m litres, compared with 115.89m litres in February 2012.
Converting litres to metric tonnes, Trinidad exported 292,994 tonnes to the US in February, according to the ITC data, a big increase over 233,170 tonnes in the same month a year earlier.
US methanol sellers include Methanex, BP, SABIC and Southern Chemical.
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