Tag Archives: Thailand

China’s PE and PP Imports Slow in July and August 2020

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.

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Sharp 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.

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US Ethylene Polymer Exports, R-PE Trade, and Imports of PE Sacks and Bags as of February 2020

US exports of ethylene polymers continued strong through February 2020, volume near record levels. Shipments of recyclable polymer continued falling. Imports of PE sacks and bags from China dropped.

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Global Trade in P-Xylene Projected Down 2% in 2019

Trade volume by year end is projected at 22 million tons, down 2% from 2018 based on the latest statistics from 50 countries. This compared with an 11% gain in global trade volume in 2018 versus 2017. Prominent trends in 2019 include a drop in Asia-Pacific intra-regional trade, increased exports from the Middle East, and lower shipments from North America.

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US Exports of Recycle Polymers Down 46% as of July 2019; Further Declines Likely From India’s Ban on Recycle Polymer Imports

The US shipped 406,000 tons of recycle polymers through July, 2019, down 46% from the same period in the prior year. China’s total ban on imports of recycle polymers as of 2018 was a key factor in the decline. Further declines in US exports are expected as India has announced it will also ban all recycle polymer imports.

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China’s PE Imports at Record Levels Despite the US/China Trade War

Duties of 25% on imports from the US of most polyethylene grades have had little effect on China’s total imports, which were at record levels from March through May, 2019.

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Changes in China’s Imports of Polyethylene by Region

In April 2019, for the second month in a row, China’s imports of ethylene polymers hit a new record high. Year to date, reduced volumes from North America were offset by increased volumes from Asia-Pacific sources.

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China Imported Record Volumes of Polymers and Other Products in January 2019

In advance of the Chinese New Year holiday beginning on February 5th, China’s imports of many products jumped to new highs in January.

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China’s Imports of Olefins from the United States

On August 23rd, 2018, China imposed a 25% duty on imports of ethylene, propylene and butadiene from the US. China imports relatively small volumes of propylene and butadiene from the US. Imports of ethylene, however, are sizable and volumes slowed in the fourth quarter, impacted by the duty.

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