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 readingChina’s Commodity Polymer Trade February 2023 YTD
China’s imports through February 2023 of polyethylene, China’s largest commodity polymer import, showed no change versus February 2022 YTD. Imports of polypropylene posted a moderate increase. On the export side, however, China shipped substantially more of each major commodity polymer than in the same period in 2022.
Continue readingImpressive Surge in US Exports of Polyethylene in March, 2022
The United States exported 966,000 tons of ethylene polymers in March, 2022, an increase of 160,000 tons over February. Shipments of every PE grade were up in March. Further increases are likely with startup of new capacity.
Continue readingMEG 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 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 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 readingTrends in US Exports of Recyclable Polymers
US exports of recyclable polymers fell from nearly 2 million tons in 2016 to 624,000 tons in 2020. The rate of decline slowed from 2018 through 2020 but new US government initiatives to cut greenhouse gases and reduce plastic waste may have an impact.
Continue readingUS Imports of Bottle-Grade PET Soar
Imports in January 2021 were double what they were in the prior January. Volume trended higher for most of 2020, reaching several new record highs.
Continue readingTight Supplies of PVC Lead to Record Prices on US Exports
The average price on US exports of PVC has doubled between June 2020 and January 2021 and further increases are expected in the wake of weather-related outages in February.
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