09 September 2013 21:22 [Source: ICIS news]
HOUSTON (ICIS)--US acetone exports for July were down by 30% from the same month last year, according to the US International Trade Commission (ITC), and the numbers could continue to worsen, a source said on Monday.
Acetone export volume shrank to 15,974 tonnes in July from 22,833 tonnes a year earlier, partly on healthy demand here and a lack of material available for export, stemming from co-product phenol production rates that remain in a range of 65-70%.
Mexico was the largest recipient of acetone, but took just 7,887 tonnes this July versus 12,805 tonnes one year ago. Brazil took 3,021 tonnes, or 19% of the July exports, and South Africa took the third-largest volume at 2,406 tonnes, or 15% of the month’s exports.
Month on month, exports also fell by 30%, with no shipments to Belgium, following a June shipment there of 1,990 tonnes. South Korea’s volumes were flat month-on-month at nearly 2,000 tonnes.
July import volumes fell to 2,015 tonnes, 50% less than was imported a year ago.
Major US acetone producers include Axiall, Haverhill Chemical, Honeywell, INEOS Phenol and Shell Chemical.
($1= €0. 76)
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