Polyethylene import and export volumes were higher versus February YTD 2023, but at depressed prices. Imports of polypropylene were down sharply; low-priced export volumes climbed.
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China’s Commodity Polymer Trade February 2023 YTD
China’s imports through February 2023 of polyethylene, China’s largest commodity polymer import, showed no change versus February 2022 YTD. Imports of polypropylene posted a moderate increase. On the export side, however, China shipped substantially more of each major commodity polymer than in the same period in 2022.
Continue readingTrends in China’s Trade in Commodity Polymers in 2022
For the second year in a row, imports of commodity polymers into China were down and exports of most commodity polymers were up, the result of weak demand due to Covid lockdowns. The year ended with commodity polymer imports totaling 25 million tons, down 9% from 2021. This followed a 19% drop in 2021 versus 2020. Commodity polymer exports were 10.8 million tons in 2022, up 22%. This followed a 74% jump in 2021 versus 2020.
Continue readingITP Projects China’s Imports of Polyolefins Down Substantially in 2022; Smaller Volume Exports are Projected Up, Especially for Polyethylene.
Weak demand in China as a result of stringent Covid restrictions was reflected in lower imports of polyolefins into China, and higher exports out of China, in each of the last two years.
Continue readingChina’s Imports of Polyethylene Picked up in August, 2022; Reduced Volumes YTD Changed Trade Flows Globally
After several slow months China’s imports of ethylene polymers in August 2022 were up by 140,000 tons from July. The 12% fall off in imports YTD, to 10.5 million tons, led to increased exports by Asia-Pacific exporters to Western and Eastern Europe and Africa.
Continue readingChina Commodity Polymer Trade April 2022 Reflected Continued Weak Economic Activity From Covid Lockdowns
Polymer imports in April were almost as low as during Chinese New Year; exports of PVC hit a new high and shipments of PET also remained high; exports of fabricated plastic products continued slow.
Continue readingChina’s Trade in Commodity Polymers March 2022 YTD
After nearly a year of low volumes, China’s imports of virgin commodity polymers posted a small increase in March. Exports of PVC and PET exports surged. Shipments of fabricated plastic products rebounded modestly after the Chinese New Year slowdown. These flows were likely impacted by Covid-related lockdowns, the effects of which on demand and production are expected to continue for some months to come.
Continue readingChina’s Imports and Exports of Commodity Polymers Dropped With the Start of Chinese New Year on February 1st, but Trends Differed From Prior Periods.
Reflecting both new domestic capacity and weaker domestic demand, imports in February 2022 continued depressed and, unlike prior years, did not show the surge typically seen in the month prior to the national holiday. Exports surged in December, then slowed in January and February.
Continue readingTrends in China’s Trade in Commodity Polymers in 2021
Unlike prior years, imports of commodity polymers did not surge into China toward yearend 2021 in advance of the Chinese Year slowdown. Also unusual was the sharp rise in exports out of China in December. The year ended with commodity polymer imports down 19%, to 27.5 million tons, and exports up 74%, to 8.9 million tons.
Continue readingChina’s Commodity Polymer Imports Were Down 17% Through September, 2021; Exports Were Up 77%
China’s imports of all the major commodity polymer groups – PE, PP, PS, PVC, PET – continued depressed from last year’s levels; smaller volume exports, especially of PP, PVC and PET posted strong gains.
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