06 May 2013 23:24 [Source: ICIS news]
HOUSTON (ICIS)--US acetone exports for March were down by 58% from the same month a year ago, according to data released by the US International Trade Commission (ITC) on Monday.
The volume of exports shrank to 10,561 tonnes in March from 25,389 tonnes in March of 2012 on tight supply caused primarily by co-product phenol production rates in the low 70% range.
Mexico continued to be the largest recipient of acetone, but took 9,419 tonnes in March versus 12,552 tonnes a year ago. Other countries buying US acetone included Canada with 928 tonnes, and Venezuela, the Bahamas and Nicaragua taking only about 40 tonnes each.
Month on month, exports fell by 34% from 16,004 tonnes in February, the ITC said.
Japan was the only significant source of imports, shipping 1,504 tonnes of the March total of 1,507 tonnes.
Major US acetone producers include Axiall, Haverhill Chemical, Honeywell, INEOS Phenol and Shell Chemical.
($1= €0. 76)
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