US July EG exports fell 2%, while imports fell 31% YoY

08 September 2016 20:09 Source:ICIS News

HOUSTON (ICIS)--US ethylene glycol (EG) exports for July fell by 2.4%, while imports fell by 31% year on year, according to the latest trade data made available by the US International Trade Commission (ITC).

In comparison, month on month exports increased by 15% from June to July due primarily to higher volumes purchased in July by Mexico and Belgium.

Mexico and Belgium were the top destinations for US EG exports in July. Mexico accounted for 49% of total July exports and Belgium accounted for 32%, according to the ITC data.

Month on month imports fell, showing a 34% decrease from June to July, primarily due to lower volumes purchased in July from Canada and Saudi Arabia.

Canada was the biggest external source of EG to the US in July, supplying 78% of total EG imports purchased by the US that month, the data showed.

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

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

By Tarun Raizada