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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P-Xylene: Current Global Trade Trends
In 2014, global trade in para-xylene totaled 15.8 million tons, up 2% from the prior year. Trade volume through June of 2015 was up 12% from the same period in 2014, based on reporting countries. Global trade volume is an indicator of global demand.
Focus on: United States’ Chemical Trade in the First Half of 2015
United States’ exports of several chemicals surged in the first half of 2015: shipments of acetone, benzene, ethylene glycol, methanol, phenol, propylene and VAM were up 16% to 142% from the same period in 2014.
Focus on: China’s Chemical Trade in the First Half of 2015
There were spectacular increases on imports of several large volume chemicals and polymers into China in the first half of 2015, and declines on others.
Iran exports huge volumes of several polymers and chemicals; imports of numerous products also large
Iran is among the world’s top exporters of ethylene glycol, methanol, para-xylene, LDPE, HDPE, polypropylene and styrene. Continue reading