Tag Archives: PET

China’s Trade in Commodity Polymers March 2022 YTD

After nearly a year of low volumes, China’s imports of virgin commodity polymers posted a small increase in March. Exports of PVC and PET exports surged. Shipments of fabricated plastic products rebounded modestly after the Chinese New Year slowdown. These flows were likely impacted by Covid-related lockdowns, the effects of which on demand and production are expected to continue for some months to come.

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China’s Imports and Exports of Commodity Polymers Dropped With the Start of Chinese New Year on February 1st, but Trends Differed From Prior Periods.

Reflecting both new domestic capacity and weaker domestic demand, imports in February 2022 continued depressed and, unlike prior years, did not show the surge typically seen in the month prior to the national holiday. Exports surged in December, then slowed in January and February.

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Western Europe Exports to Russia More of Most Major Polymers than it Imports from Russia, with the Exception of Polypropylene.

Western Europe’s polymer trade with Russia, particularly in polyolefins, styrenic polymers and PVC, will be impacted by sanctions and broken supply chains from the war in Ukraine.

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Russia’s Leading Exports and Imports of Polymers, Chemicals and Gases

The war in Ukraine, and with it sanctions and broken supply chains, will likely impact both exports from and imports into Russia of many products.

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Ukraine Exports and Imports Numerous Polymers and Chemicals that Will Likely be Impacted by the Conflict between Russia and Ukraine.

Ukraine exports sizable volumes of benzene, caustic soda, propylene monomer and PVC, and, imports polyethylene, polypropylene, liquefied propane and butane gas and PET.

Ukraine’s top export markets include Italy, Poland, Turkey, Czech Rep., Russia and Spain, among others. Russia is Ukraine’s top import source for LDPE, polypropylene, methanol and liquefied propane and butane gas.

This table shows Ukraine’s total exports and imports in 2021 and top trading partners for each:

From International Trader Publications’ World Trade Analyses, continuously updated analysis of trade between countries and regions for each product.

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Trends in United States’ Trade in Commodity Polymers in 2021

Imports of commodity polymers into the US in 2021 were the highest volume ever reported, 7.0 million tons, an increase of 1 million tons, 16%, from the prior year. The increase in imports, and also the drop in US exports by 15%, to 14.2 million tons, reflected strong domestic demand, US production issues and logistical problems. Demand is likely to continue strong in 2022. New US capacity and the gradual resolution of supply chain issues will likely result in further declines in imports and rising exports.

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Trends in China’s Trade in Commodity Polymers in 2021

Unlike prior years, imports of commodity polymers did not surge into China toward yearend 2021 in advance of the Chinese Year slowdown. Also unusual was the sharp rise in exports out of China in December. The year ended with commodity polymer imports down 19%, to 27.5 million tons, and exports up 74%, to 8.9 million tons.

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China’s Commodity Polymer Imports Were Down 17% Through September, 2021; Exports Were Up 77%

China’s imports of all the major commodity polymer groups – PE, PP, PS, PVC, PET – continued depressed from last year’s levels; smaller volume exports, especially of PP, PVC and PET posted strong gains.

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