China and Turkey were shipped 95% of the total volume, with 5% to many other countries, including several that attempt to comply with the sanctions.
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MEG Global Trade Volume Projected Down 9% in 2021, to 15.3 Million tons
The decline in the global total is primarily attributable to substantially lower imports into China, which is not expected to be offset by higher imports into Turkey, India, Mexico and Pakistan, among others.
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.
Continue readingP-Xylene Global Trade Volume has More Than Doubled Since 2010.
Expansion of Asia-Pacific intra-regional trade, mainly on demand in China, accounted for most of the growth in the global total.
Continue readingThe Volume of LNG Traded Globally Expanded by Over 100 million tons from 2012-2020
Volume went from 233 million tons in 2012 to 338 million tons in 2020, with further gains projected for 2021.
Continue readingUS Exports of PVC Were Down 17% Through July; Further Declines Expected
The shutdown of several PVC facilities by Shintech, Westlake and Formosa Plastics due to Hurricane Ida will impact US exports, which were already down substantially from last year as of July.
Continue readingChina’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.
Continue readingHuge 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.
Continue readingUS Exports of Linear and High Density Polyethylene Picked up in May 2021, from Their April Lowest Level in Over Two Years.
Belgium, Brazil, Mexico and China were among the top five destinations. Average prices continued their upward climb.
Continue readingUnprecedented Rise in China’s Exports of PE and PP from March 2021.
While larger volume imports remain depressed, China’s exports of PE and PP soared from March through May.
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