09 September 2013 22:30 [Source: ICIS news]
HOUSTON (ICIS)--US methyl ethyl ketone (MEK) exports declined by 33% year on year in July, although sources said on Monday that the US market is balanced.
MEK exports decreased to 1,493 tonnes in July 2013, down from 2,225 tonnes in July 2012, according to data from the US International Trade Commission (ITC). Exports to Mexico fell 9% year on year, while exports to Canada rose 27% year on year.
Other MEK export countries include Chile, China, Nicaragua, Costa Rica and Peru.
MEK imports fell 14% year on year in July. Imports from South Africa jumped 60%, and shipments from the Netherlands dropped by 80% year on year.
Two major MEK producers are seeking price increases for September. Both Sasol and ExxonMobil are seeking to increase MEK prices by 5 cents/lb ($110/tonne).
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