While US sanctions currently target specific companies that facilitate exports of Iranian oil, Washington is weighing a broader move: sanctions on countries that import Iranian petrochemicals. This potential escalation could impact ethylene glycol, methanol, polyethylene, and liquefied butane and propane gases, among others, with wide-ranging implications for global trade flows. Iranian export statistics show China as the largest destination for these products. Volumes do not, however, correlate with China’s import statistics.
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EU 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.
Continue readingThe Volume of Recyclable PE Traded Globally in 2020 Rose by 9% From the Prior Year, to 2.8 Million tons.
Imports into Eastern Europe were particularly strong. Imports into Asia-Pacific also increased, despite China’s import ban. Expanded trade within Western Europe, Eastern Europe and North America were also factors in the increase.
Continue readingPVC Exports from China up More than Double; Imports Drop
China exported nearly 600,000 tons of PVC through August 2013, up 104% from the prior year. Imports of PVC into China were down 15% for the period, to 740,000 tons. Continue reading
New Polypropylene Capacity Reflected in Russia’s Exports and Imports
Polypropylene exports were up sharply through June 2013; imports were down. Continue reading