US Mar acetic acid exports down 9% year on year

09 May 2008 18:51  [Source: ICIS news]

HOUSTON (ICIS news)--US exports of acetic acid in March totalled 82,648 tonnes, down 9% from 91,062 tonnes a year earlier, according to data from the US International Trade Commission (ITC) released on Friday.

March exports were down 14% from 96,435 tonnes in February this year, the ITC said. Mexico, Belgium, Brazil and Spain were the top four export destinations, accounting for a collective 68,772 tonnes - or more than 83% of total shipments.

US acetic acid exports have declined by 1.5% in the first three months this year due to sluggish demand stemming from softness in the US economy, according to market sources.

US Gulf coast export prices were $750-$950/tonne over the past month, according to global chemical market intelligence service ICIS pricing.

Major US acetic acid producers include BP, Celanese and Eastman Chemical.

($1 = €0.65)

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ICIS Copyright © Reed Business Information 2009

Author: Lane Kelley
+1 713 525 2653

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