Tag Archives: Middle East

2.2 Million Tons of Ethylene Trade Was Added Globally From 2010 – 2019, but was Followed in 2020 by a Sharp Contraction.

The volume of ethylene traded globally rose from 5.8 million tons in 2010 to a high of 8 million tons in 2019, then slowed to 7.4 million tons in 2020 because of the pandemic. Regional trade flows shifted dramatically during that period.

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The Volume of RPE Traded Globally Fell by 45% from 2016 to 2020, Dropping from 5.1 to 2.8 Million Tons

Key trends included: a dramatic drop in trade within the Asia-Pacific region; much lower imports into Asia-Pacific from other regions: much higher imports into Eastern Europe.

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China’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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China’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.

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Record Imports into China of LLDPE and HDPE, and, Changes in Suppliers

As it did in 2009 during the financial crisis, China buttressed the global petrochemical industry with record imports of LLDPE and HDPE during the 2020 pandemic. Volume was heavy from May through October 2020. Much higher imports from North America (US), Eastern Europe (Russia) and other Asia-Pacific, and a drop in imports of LLDPE from the Middle East, were prominent supply changes.

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Trends in PET Global Trade – Bottle Grade and Other

Polyethylene terephthalate polymer is traded under two forms: bottle grade PET, and, other than bottle grade. There are substantial differences between them in terms of end uses, trade volume, and trade trends.

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Sharp 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.

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Caustic Soda Global Trade in the First Quarter of 2020

Heavy exports from North America to Latin America, increased exports from Western Europe to various markets but lower imports into the region, and, much lower shipments out of the Middle East and Asia-Pacific were prominent trends.

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