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US PET imports through May at 294,479 mt valued at $317.1 million

HOUSTON, July 6, 2017 (PCW) -- US imports of PET with an IV of 78 ml/gram or higher totaled 294,479 metric tons through May valued at $317.1 million, the latest US Commerce Department data show.

Imports came from 35 countries. The top source was Mexico at 131,097 mt, or 44.5% of the total. Next was Taiwan at 43,849 mt followed by Brazil at 25,979 mt, Canada at 25,326 mt, Indonesia at 21,317 mt, South Korea at 15,619 mt and Pakistan at 14,678 mt.

PET imports came from around the world in varying quantities. For example, imports from Haiti totaled 59 mt, from Egypt they were 392 mt while Lithuania weighed in with 16 mt.

The US gov began categorizing PET imports with a 78+ IV this past Jan. Previously, it categorized PET imports (excluding PET scrap and rPET) as packaging grade with an IV of 0.70-0.88 dl/gram. Packaging grade PET imports in Jan-May 2016 totaled 285,069 mt, 3.3% less than 78+ IV imports in the first five months of 2017. -- Xavier A. Cronin

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