Preliminary figures for 2016 indicate a 6% increase in global trade volume in polyethylene film and sheet, to just under 5 million tons.
Both China’s imports of ethylene monomer and propylene monomer soared to new highs in December 2016.
Brazil exported nearly 2 million tons of polyolefins, styrenic polymers, vinyl polymers and PET in 2016, up 28% from 2015.
China’s shipments of a wide variety of fabricated plastic products climbed 10% in 2016, to 9.2 million tons, the fourth year in a row of gains.
China’s imports of recycle PET climbed through most of 2016, reaching a new high of 277,000 tons in December. The average price picked up slightly towards year end, to $456/ton.
China’s imports of LLDPE surged to an all time high of 330,000 tons in December, ending 2016 at 2.6 million tons, up 2% from the prior year.
With construction continuing on massive new polyethylene capacity, US imports trended up to a new record high in the second half of the year, as US exports plummeted.
The volume of PE bags and sacks (plus cones) traded globally in 2015 was 3.7 million tons. Trade volume in 2016 is projected to be up about 4%, to just over 3.8 million tons. Western European countries and the United States are major import markets; China is the world’s top exporter, although shipments from other countries are rising. Continue reading