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.
Continue readingMEG and DEG Global Trade Expanded at 5% per Year from 2017 to 2020; North America’s Market Share Climbed Sharply
Monoethylene glycol and diethylene glycol global trade volume has expanded each year from 2017 through 2020, with dramatic changes in trade flows between regions.
Continue readingTrends 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.
Continue readingNew Capacity in North America Impacts Middle East Polyethylene Exports
North America exported higher volumes of polyethylene to every world region through May 2020, while Middle East exports to every region were down.
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 readingCaustic 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.
Continue readingChina’s Imports of Polymers, and, Exports of Fabricated Plastic Products Showed Relatively Small Declines in Q1 of 2020. Exports of PE and PP set new records in March.
Imports of commodity polymers totaled 6.8 million tons in the first quarter, down 5% from the same period, pre-Covid-19, in 2019. Exports of a basket of fabricated plastic products were down 3%, to 2.6 million tons.
Continue readingHuge Increases in Western Europe’s Imports of Ethylene and Propylene in 2019 from North America, Latin America and Middle East
Imports of ethylene into Western Europe increased by over 200% in 2019 versus 2018, and imports of propylene jumped 70%, based on latest statistics from reporting countries.
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