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NGLs Week is PetroChem Wire's comprehensive summary of price trends, upstream and downstream costs, operations news and supply/demand forecasts. The report contains everything you'll need to understand what's happening in the NGL markets.

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US PET exports, valued at $436-mil in 2015, down 14% in Jan-May

HOUSTON, July 13, 2016 (PCW) -- US exports of prime PET totaled 99,725 metric tons in January-May, down by 16,795 mt or 14% from the year-ago period, the latest USA Trade Online data show.

These exports, valued at $436.1 million in 2015, have gone to 55 countries in the Jan-May 2016 period.

The sharpest drop was seen in Vietnam, with just 21 mt of exports in Jan-May 2016 compared to 7,449 mt in the year-ago period. Venezuela also saw a sharp drop, to 27 mt from 6,098 mt in the respective periods.

Canada remained the top destination for US PET exports at 25,368 mt in Jan-May, down by 2,800 mt or 10% from the year-ago period. Mexico received the next highest volume of exports at 20,385 mt followed by the Netherlands at 18,767 mt, and China at 12,895 mt. -- Xavier A. Cronin

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