Tag Archives: ethylene

Most Widely-Traded Petrochemicals and Related Products Will Show Increased Global Trade Volume September 2024 YTD Versus September 2023 YTD

Gains or declines in global trade volume have wide-ranging implications for shippers, producers, marketers and planners.

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Trends in LDPE/LLDPE Global Trade

Global trade in LDPE/LLDPE was 22.3 million tons in 2022. LDPE/LLDPE accounted for 33% of the 68 million tons of all grades of ethylene polymers traded globally that year.

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China Reported Lower Imports of Most Major Polymers and Chemicals Through September, 2022

Of fifteen large volume imports, each exceeding 1 million tons, imports of only three products were up September 2022 YTD from the same period in 2021.

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China’s Imports of Polymers, and, Exports of Fabricated Plastic Products Showed Relatively Small Declines in Q1 of 2020. Exports of PE and PP set new records in March.

Imports of commodity polymers totaled 6.8 million tons in the first quarter, down 5% from the same period, pre-Covid-19, in 2019. Exports of a basket of fabricated plastic products were down 3%, to 2.6 million tons.

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2019 – the Baseline Year Before Covid-19

2019 was a particularly important year as a baseline because it showed trends that were evolving globally before massive dislocations from Covid-19.

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Huge Increases in Western Europe’s Imports of Ethylene and Propylene in 2019 from North America, Latin America and Middle East

Imports of ethylene into Western Europe increased by over 200% in 2019 versus 2018, and imports of propylene jumped 70%, based on latest statistics from reporting countries.

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Phase I of the China – US Trade Agreement Includes Increased Imports into China of LNG, Liquefied Propane and Butane, Caustic Soda and Most Organic and Inorganic Chemicals

During the two-year period from January 1, 2020 through December 31, 2021, China has agreed to increase by $200 billion purchases from the United States of manufactured goods, agriculture, energy and services.

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China’s Imports of Olefins from the United States

On August 23rd, 2018, China imposed a 25% duty on imports of ethylene, propylene and butadiene from the US. China imports relatively small volumes of propylene and butadiene from the US. Imports of ethylene, however, are sizable and volumes slowed in the fourth quarter, impacted by the duty.

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US-China Trade War Update

The March 1 deadline for an increase from 10% to 25% in tariffs by the US on $200 Billion of imports from China has been postponed, but tariffs on many polymers and chemicals put in place earlier by both countries remain.

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