03 May 2013 20:19 [Source: ICIS news]
HOUSTON (ICIS)--US methanol imports in March dropped almost 24% year on year, largely because of a decline in shipments from top source Trinidad and Tobago, according to data released on Friday by the US International Trade Commission (ITC).
US methanol imports totalled 505.87m litres, compared with 662.94m litres in the same month of 2012.
Imports from Trinidad & Tobago accounted for much of the decline, with shipments from the Caribbean country of 376.24m litres, compared with 490.29m litres in the same month of 2012.
Converting litres to metric tonnes, Trinidad exported about 301,000 tonnes to the US in March, according to the ITC data, a 23% drop from 392,232 tonnes in the same month a year earlier.
The island country off the coast of Venezuela accounted for 74% of all US imports.
No imports from Equatorial Guinea in March also added to the decline. The West African country shipped 52.1m tonnes in the same month last year, according to the ITC data.
US methanol sellers include Methanex, BP, SABIC and Southern Chemical.
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