Imports of propylene polymers, styrenic polymers, PVC and PET all hit new highs in July on strong demand and tight supplies. Imports of ethylene polymers also surged. Hurricane Ida’s recent impact on US production capability is expected to further aggravate domestic supplies, especially for PVC and styrenics, increasing imports and reducing exports.
After a slow beginning to the year as China battled the Corona virus, polyolefin imports picked up moderately in March and April then soared to new record highs in May. Prices continued their steep declines.
Korea exported 10 million tons of commodity polymers in 2018, up 4% from the prior year, imported 900,000 tons of commodity polymers, up 15%, plus an additional 150,000 tons of recycle polymers, up 141%.
China imported 18.1 million tons of virgin commodity polymers in 2011, down 2%; exported 2.7 million tons of virgin commodity polymers, up 38%; imported 8.4 million tons of scrap commodity polymers, up 5%; and, exported 6.2 million tons of specific fabricated polymer products, up 8%. Continue reading →