New para-xylene capacity in China and also in the Middle East and the rationalization of uncompetitive production in the US and Western Europe have massively changed global trade flows.
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Trends in Propylene Copolymers Global Trade
Global trade in propylene copolymers was 10 million tons in 2022, down 3% from the prior year. ITP projects another decline of 3% in 2023, to 9.7 million tons.
Continue readingLNG Imports from Russia into Key Global Markets
Imports of LNG into China, South Korea, Japan and UK showed different trends through May/June, 2022.
Continue readingChina’s LNG Imports were Down 21% May 2022 YTD from May 2021 YTD. Imports from US and Other Sources Fell Sharply; Qatar, Russia and Trinidad-Tobago Supplied Higher Volumes
Weak economic activity over the last several months was evident from the drop by over 3 million tons, 21%, in China’s imports of LNG through May, to 26.6 million tons.
Continue readingMassive Increase in China’s Polypropylene Exports in March
China exported 245,000 tons of polypropylene homopolymer in March, 2021, roughly ten times the volume exported in prior months.
Continue readingChina’s Imports of Polypropylene Jumped 25% in 2020, to 6.8 M Tons
Higher volumes were imported from Asia-Pacific, 4.9 million tons, up 24%, the Middle East, 1.4 million tons, up 26%, as well as all other regions. Average prices soared from August through December, reaching $1190/ton.
Continue readingNew High on LNG Exports from the United States in November, 2020, China a Factor
US exports slowed during the second quarter of 2020, hovered at a low around 2 million tons per month from June through August, then climbed sharply, to over 6 million tons in November.
Continue readingUnprecedented Imports of PMMA Film/Sheet Globally
The need for PMMA film and sheet in personal protective equipment resulted in a stunning surge in imports into countries all over the globe during the April – August 2020 period, and also record exports from several.
Continue readingSharp Drop in Global Isocyanates Trade Through May 2020 and Projected for Year End
The volume of isocyanates (combined MDI, TDI and other) traded through May 2020 was down 10% from the same period last year, based on latest available statistics. Asia-Pacific and Western Europe, accounting for more than half of global trade volume, each saw trade contract within their regions, with lower imports.
Continue readingUS Shipments of LNG in April 2020 Were Off 14% from March. China Topped the List of Export Destinations.
The US exported 4.4 million tons of liquefied natural gas in April, 2020, still a very high volume but down from 5.1 million tons in March.
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