US May EG exports fall 13%, imports decline 8% year on year

11 July 2014 18:54 Source:ICIS News

NEW YORK (ICIS)--US ethylene glycol (EG) exports and imports for May declined by 13% and 8% respectively year-on-year, according to trade data made available this week by the US International Trade Commission (ITC).

Year-on-year exports fell to 27,551 tonnes in May 2014 from 31,630 tonnes in May 2014. Month-on-month exports declined 40% from 45,861 tonnes in April.

Mexico and Argentina were the top destinations for US exports. They collectively accounted for 76% of total May exports.

Exports to Mexico rose to 12,581 tonnes in May 2014 from 8,790 tonnes in May 2013. However, exports to Argentina declined to 8,253 tonnes in May 2014 from 9,012 tonnes in the same month last year.

Year-on-year imports were also down, falling to 82,783 tonnes in May 2014 from 89,994 tonnes in May 2013. Month-on-month, imports were relatively steady at 82,783 tonnes in May from 82,514 tonnes in April.

US imports predominantly came from Canada and Saudi Arabia, which together accounted for 97% of total May imports.

Imports from Canada rose to 65,163 tonnes in May 2014 from 49,069 tonnes in May 2013. Imports from Saudi Arabia fell by more than half to 15,237 tonnes in May 2014 from 32,427 tonnes in May of last year.

EG is used in the production of polyethylene terephthalate (PET) and anti-freeze/coolant.

Major EG producers in the US include BASF, Eastman Chemical, Formosa Plastics, Huntsman, Indorama Ventures, LyondellBasell, Shell Chemical, and MEGlobal. MEGlobal is a joint venture between Dow Chemical and Petrochemical Industries Co (PIC).


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By Feliza Mirasol