The strike begun at midnight, September 30th, by the International Longshoreman’s Association, and ended a few days later, had the potential to disrupt US polymer exports, particularly of polyethylene and PVC, particularly large volumes of which are shipped out of Houston-Galveston, Texas.
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Petrochemical Trade – Turkey Aims to Accelerate Free Trade Negotiations with the GCC, Potentially Impacting 1.8 Million Tons of Polyolefin Imports – International Trader Publications
Turkey imported 668,000 tons of polyethylene and 1.1 million tons of polypropylene from the GCC in 2023. The duty rate was 6.5% on virtually all grades.
Continue readingAcrylonitrile Global Trade Trends
For most of the last ten years the volume of acrylonitrile (ACN) traded globally has trended downward. The exception was the period 2018 to 2021 when trade volume initially increased, then steadied, paralleling the trend in global trade in ABS polymer, its largest end use. There have been major shifts in ACN trade between regions over the period.
Continue readingPET and PTA Trends in Global Trade in 2023
The volume of global trade in both products is projected to be lower in 2023 than in 2022, with profound shifts in flows between regions.
Continue readingTrends in Propylene Copolymers Global Trade
Global trade in propylene copolymers was 10 million tons in 2022, down 3% from the prior year. ITP projects another decline of 3% in 2023, to 9.7 million tons.
Continue readingTrends in High Density Polyethylene Global Trade
Global trade in high density polyethylene in 2022 was 25.1 million tons. HDPE accounted for 37% of the 68 million tons of polyethylene traded globally that year.
Continue readingTrends in US Exports of Liquified Gases
US exports of LNG and liquified propane and butane gases through April 2023 are all higher than in the same period in 2022.
Continue readingEU Debates Possible Ban on Imports of Synthetic Rubber from Russia
Although not definite, a ban on imports of synthetic rubber from Russia is being discussed by the EU. If enacted, this could impact EU imports of butadiene, isoprene and styrene-butadiene rubber.
Continue readingPVC and PET are China’s Largest Polymer Exports. ITP Projects Shipments up 16% and 23%, Respectively, in 2022.
China’s exports of both polymers soared in 2021 and are projected still higher in 2022. Much higher shipments to Russia and Turkey, and for PVC, also India, factored in the gains.
Continue readingEU Bans Imports of Most Polymers from Russia
On October 6, 2022 the EU placed additional sanctions on almost 7 billion Euro’s worth of imports from Russia. These included most polymers.
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