Thailand’s exports of polyethylene rose sharply in March and April. Polypropylene exports shot to a new record high after two slow months. Average prices sank.
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Korea Exported Record Volumes of PE in March 2020 and Imported High Volumes of Fabricated Plastic Products, Trade with China a Key Factor
Shipments to China accounted for most of the surge in Korea’s exports; China was the source of most of Korea’s imports of fabricated plastic products.
Continue readingUS Exports of LNG Drop in February 2020
Sharp Drop in Polyethylene Exports From Singapore and Korea to China in February 2020
Exports of ethylene polymers to China accounted for more than half of Singapore’s and Korea’s total exports in 2019 but shipments to China from both countries plummeted in January, and, especially, in February, the most current month available.
Continue readingUnited States Exports of PE Trended Higher in January 2020
After slowing in November, 2019, US exports of ethylene polymers climbed in both December and January 2020. Little impact on volumes and prices from the corona virus is expected in US export statistics for February, with March and following months affected more severely.
Continue readingIran Increases Exports of Polymers in 2019
Exports out of Iran, visible from trading partner imports, were up 23% for ethylene polymers in 2019, 28% for styrenic polymers, and 5% for vinyl polymers. Exports of propylene polymers fell.
Continue readingChina’s Imports of Ethylene Polymers were up 19% in 2019; Imports of Propylene Polymers were up 9%.
Small Drop in China’s Tariffs on Polymer Imports from US
As of February 14, 2020, China will knock 2.5% off the punitive tariffs applied on imports of many polymers from the US. Most of the tariffs have been in effect since 2018.
Continue readingChina’s Ban on Plastic Bags Likely to Impact Imports of Polymers and Exports of PE Bags
By the end of 2020, China will ban plastic bags in major cities and, by 2022, country-wide. China is the world’s largest importer of the polyethylene used to manufacture bags, in addition to producing large volumes of polyethylene domestically. China exports large volumes of polyethylene bags.
Continue readingChina Removes Tariffs on Four Specific Grades of Polyolefins from the US, Prior to the Phase I China – US Trade Agreement
China removed the 25% tariff on imports from the US of specific grades of HDPE, linear low density polyethylene, polypropylene and ethylene-propylene copolymers as of December 26, 2019.
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