China’s imports of ethylene polymers dropped from a record high of 2.1 million tons in June to 1.8 million tons in August. Imports of propylene polymers fell from 840,000 tons in June, another record, to 580,000 tons. Despite the declines, imports YTD are up substantially for both polymer groups.
ITP’s analysis of global trade indicates a 3% increase in the volume of polypropylene homopolymer traded in 2014 versus 2013, to 16.5 million tons. Trends in global trade volume generally indicate trends in global demand.