US July methanol imports soar by 42% year on year

06 September 2013 22:11 Source:ICIS News

HOUSTON (ICIS)--US methanol imports in July soared 42% year on year because of a big influx of shipments from the major sources, according to data released on Friday by the US International Trade Commission (ITC).

US methanol imports totalled 661.92m litres, compared with 465.64m litres in the same month of 2012.

Converting litres to metric tonnes, the US imported 529,536 tonnes, up from 372,512 tonnes in July last year, according to the data.

Shipments from Trinidad, Venezuela, Equitorial Guinea and Canada - historically the largest sources of US imports - accounted for more than 90% of the gain.

Trinidad, by far the largest source of US methanol imports, sent 310,722 tonnes to the US, compared with 269,061 tonnes in the same month last year.

Venezuela shipped 119,176 tonnes, a nearly 78% gain over 67,103 tonnes in July 2012. Equatorial Guinea sent 41,892 tonnes versus none in the same month last year.

Shipments from Canada totaled 27,276 tonnes, a 47% increase over 18,514 tonnes sent to the US in July a year earlier.

US methanol sellers include Methanex, BP, SABIC and Southern Chemical.


By Lane Kelley