While US sanctions currently target specific companies that facilitate exports of Iranian oil, Washington is weighing a broader move: sanctions on countries that import Iranian petrochemicals. This potential escalation could impact ethylene glycol, methanol, polyethylene and liquefied butane and propane gases, among others, with wide-ranging implications for global trade flows. Iranian export statistics show China as the largest destination for these products. Volumes do not, however, correlate with China’s import statistics.
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Iran’s Petrochemical Exports Expand in the First Half of 2024.
Methanol, polyethylene (LDPE and HDPE) and mono-ethylene glycol were Iran’s leading petrochemical exports (excluding liquefied gases) in the first half of 2024. Shipments of each were up versus the same period in 2023, mainly on increased exports to China.
Continue readingTrends in China’s Polyolefin Polymer Trade Through February 2924
Polyethylene polymer 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.
Continue readingTrends in China’s Trade in Commodity Polymers in 2023
China’s imports of commodity polymers as a total of all grades of PE, PP, styrenics, PVC and PET, declined for the third year in a row, a loss of nearly 10 million tons of volume over the 2020-2023 period. Exports of the combined total climbed for the third year in a row, increasing by nearly 7 million tons. Shipments of manufactured products identifiable as plastic showed a small gain of 0.7 million tons in 2023, rising to 16.7 million tons.
Continue readingTrends 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.
Continue readingExpansion in Iran’s Exports of Liquefied Gases and Chemicals
Iran is a major exporter of liquefied gases and chemicals and the country’s shipments of these products have risen dramatically over the last five years.
Continue readingThe United States Exceeds Iran in Exports of Polyethylene To China
From November 2022 through January 2023, the US shipped more polyethylene (all grades combined) to China than did Iran.
Continue readingDespite US Sanctions, Iran Exported 1.96 million Tons of Ethylene Polymers Through August 2021, up 29%
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.
Continue readingMEG Exports From Saudi Arabia, Kuwait and UAE as of October, 2020 are Down from Last Year; Iran Shipped Higher Volumes
Competing shipments from North America impacted MEG exporters in the Middle East.
Continue readingChina’s Imports of Ethylene Polymers Were up 11% in 2020, to 21.3 M Tons, Although Volume Slowed in the Fourth Quarter
Imports of HDPE were 9.1 million tons in 2020, up 14% from the prior year; linear polymer as EAOC, 6.7 million tons, up 17%; LDPE, 3.4 million tons, down 1%; and EVA, 1.0 million tons, down 3%. Much higher volumes from North America and Eastern Europe and little growth in supplies from the Middle East were striking trends.
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