China’s Imports of Commodity Polymers Through June 2021 Were Down 11% From the First Half of 2020; Exports Jumped 87%.

After a brief spike in March following the Chinese New Year, imports into China trended downward, a different trend than had been seen over the last three years. Also unusual were exports out of China, which began rising toward the end of 2020 and soared to unprecedented levels in the first half of 2021.

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Huge Increases in Brazil’s Imports of Polyethylene, Polypropylene and PVC Through June 2021

Brazil’s imports soared to record levels in the last half of 2020 and continued there through June of 2021. Exports during the period fell to record lows.

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2.2 Million Tons of Ethylene Trade Was Added Globally From 2010 – 2019, but was Followed in 2020 by a Sharp Contraction.

The volume of ethylene traded globally rose from 5.8 million tons in 2010 to a high of 8 million tons in 2019, then slowed to 7.4 million tons in 2020 because of the pandemic. Regional trade flows shifted dramatically during that period.

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US Exports of Ethylene Polymers in April 2021 Fell to Their Lowest Level in More Than Two Years, While Prices Rose to Levels not Seen Since 2018.

The US exported 3.36 million tons through April, down 11%. Reduced shipments of HDPE and ethylene alpha olefins copolymers were not offset by higher volumes of conventional high pressure LDPE and EVA. Average prices soared on reduced supply and strong demand.

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Trends in Global Trade in Recyclable PE, Styrenics, PVC, PET, PP and Others

The volume of global trade in recyclable polymers in 2020 was less than half of what it was five years ago. The amount of recyclable polymer traded fell from 15.3 million tons in 2016, to 7.0 million tons in 2020. The rate of decline slowed markedly in 2019 and 2020

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The Volume of RPE Traded Globally Fell by 45% from 2016 to 2020, Dropping from 5.1 to 2.8 Million Tons

Key trends included: a dramatic drop in trade within the Asia-Pacific region; much lower imports into Asia-Pacific from other regions: much higher imports into Eastern Europe.

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