As of February 4th, 2025, the US imposed a 10% tariff on all imports from China. Part of China’s response was to levy a 15% tariff on LNG imports from the US, to go into effect February 10th. In 2024, China reported 4.3 million tons of LNG imports from US; the US reported 6.0 million tons of exports to China, a difference of 1.7 million tons.
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North America’s Commodity Polymer Trade in 2024
North America’s trade in commodity polymers in 2024 was characterized by large volume exports of polyethylene, polypropylene, and PVC, and relatively small imports. This series of blogs quantifies imports and exports in 2024 of the major commodity polymers – LDPE, linear/ethylene-alpha-olefin copolymers (LL/EAOC), HDPE, EVA, PP, propylene copolymers (PRC), polystyrene, and PVC – allowing comparisons across the polymers for the geographic regions of Western Europe, Eastern Europe, Africa, North America, Latin America, Middle East, and Asia-Pacific.
Continue readingEastern Europe’s Commodity Polymer Trade in 2024
Eastern Europe’s trade in commodity polymers in 2024 was characterized by sizable exports of HDPE and polypropylene homopolymer (PP) and the largest volume imports of any region with the exception of Asia-Pacific (and Latin America, for polyethylene). This series of blogs quantifies imports and exports in 2024 of the major commodity polymers – LDPE, linear/ethylene-alpha-olefin copolymers (LL/EAOC), HDPE, EVA, PP, propylene copolymers (PRC), polystyrene, and PVC – allowing comparisons across the polymers for the geographic regions of Western Europe, Eastern Europe, Africa, North America, Latin America, Middle East, and Asia-Pacific.
Continue readingTrends in US Exports of LNG, Liquefied Propane, Ethane, and Butane
Through July, 2024, the United States exported 53.1 million tons of LNG, up 2% from the same period in the prior year. The US also exported large volumes of other gases, some of which are produced during natural gas processing: 28.5 million tons of liquefied propane gas, up 10%, 5.8 million tons of liquefied ethane, down 3%, and 4.8 million tons of liquefied butane gas, down 2%.The US Energy Information Agency says that five new LNG export projects are under construction in the US, with shipments from two projects lilkely to begin at the end of 2024.
Continue readingMajor Trends in China’s Polymer Trade August 2024 YTD: Low Polyolefin Imports; Growing Polymer Exports; Record Shipments of Plastic Products
A slow economy, weak domestic demand and the availability of new capacity are reflected in China’s polymer trade. Through August, China imported 15.9 million tons of commodity polymers, unchanged from the same period last year and substantially lower than in earlier periods; exported growing volumes, with 9.9 million tons shipped through August, up 27%; and, shipped a record 12.5 million tons of identifiable plastic products, up 17%. Commodity polymers include polyolefins, styrenics, vinyl polymers and PET.
Continue readingPetrochemical 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 readingPetrochemical Trade – India’s Adani Group to Add PVC Capacity by 2026 – International Trader Publications
Adani Enterprises reported plans for 2 million tons of new PVC capacity in Mundra, Gujarat, with startup of 1 million tons, in phase one, by December 2026. India’s imports of PVC have trended upward in recent years, hitting a high of 3.2 million tons in 2023. The new PVC plant would be the Adani Group’s, a diversified organization with a world-class transport and utility infrastructure portfolio, first petrochemical venture.
Continue readingIndia is the World’s Top PVC Importer. Volume Jumped 70% in 2023
China continued as India’s leading source but imports from many other suppliers also surged, including Japan, Taiwan, South Korea and the United States.
Continue readingAdvanced Look at Western Europe’s HDPE Polymer Imports
Although Eurostat statistics for polymers and other products are published three months after the trade month, an earlier view of import demand and the impact of shipping disruptions in the Red Sea can be obtained from trading partner export statistics.
Continue readingTrends in Polyolefin Polymer Trade in Western Europe in 2023
Polyolefin polymer demand in Western Europe in 2023 is measurable in part from the region’s intra-regional trade, its imports from other regions, and its exports to other regions. Lower intra-regional trade and lower imports indicate a drop in demand from one year to the next. These were evident in 2023 versus 2022 for LDPE, linear PE, HDPE, and PP homopolymer. Lower polymer demand in a region is also usually associated with an increase in a region’s exports, if conditions make this possible. Western Europe’s exports of HDPE did increase in 2023, but shipments of other polymers were constrained by low demand in other regions and surging exports from North America.
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