Tag Archives: MEG

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 reading

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.

Continue reading

Reduced Supplies from Saudi Arabia Adds Pressure on China in the Trade War with US

Saudi Arabia is China’s top supplier of HDPE, LLDPE, MEG, DEG and styrene and also ships large volumes of polypropylene, liquefied butane gas and liquefied propane gas, among others. The recent attack on Saudi oil facilities will reduce exports of polymers and chemicals, at the same time as imports from the US are curtailed by punitive duties.

Continue reading

Little Change in MEG Global Trade Volume Projected for 2018

ITP projects MEG trade volume for 2018 of 15.1 million tons, up 1% from 2017. This compares with an increase of 10% from 2016 to 2017. The trend in global trade volume generally indicates the trend in world demand.

Continue reading

China’s Trade June 2016 YTD: Generally Lower Imports; Big Gains on Some Exports

China’s imports of most polymers and chemical were lower in the first half of 2016 than in the same period in the prior year. Exceptions were imports of: ethylene, EVA, propylene oxide and, especially, methanol. China’s exports of PVC, polypropylene, PTA, VAM and non-expandable polystyene surged. Shipments of polyethylene also were up. Continue reading

India: Strong Import Market for Many Polymers and Chemicals

In contrast to trends in China, India’s imports of many basic chemicals and polymers posted large percentage increases through the third quarter of 2015 versus the same period in 2014. Continue reading