US exports of ethylene polymers soared to an all-time high of 653,315 tons in September, 2018, despite tariffs of 25% imposed by China on HDPE, EAOC and EVA from the US.
On August 23rd, the US imposed tariffs of 25% on imports of a number of fabricated plastic products from China, including film/sheet from PE and PP, tubes/pipes from PE and PP and monofilament from PE. US imports from China of all these products except PE film/sheet were down in August versus July.
As of August 23, 2018 China imposed a 25% tariff on a number of products from the US, including HDPE, ethylene-alpha-olefins copolymers and EVA. The new tariffs did not reduce total US exports of ethylene polymers in August, which continued at record levels.
Although trade data for July for the US does not reflect new tariffs of 25% on many fabricated plastic products from China, US statistics showed record volumes being imported each month from May through July.
Singapore imported 1.7 million tons of commodity polymers through July 2018, up 11%, and exported 4.2 million tons, up 6%.
Brazil’s exports of commodity polymers trended downward through most of the first seven months of 2018. Imports were moderately higher; imports of fabricated plastic products rose strongly.
Global trade in recycle polyethylene was down 14% through June 2018, the loss of China as an import market partly offset by higher imports into other Asia-Pacific markets and also Turkey.
China has reported aggregated statistics for its imports of major products, including polypropylene, ABS and PVC. Continue reading
Global trade in ethylene polymers expanded by 6% through June 2018, to over 22 million tons based on preliminary data. Most of the increase was accounted for by higher volumes of conventional high pressure PE and ethylene-alpha-olefins copolymers. Continue reading
If a trade accord between the US and the EU is finalized and the US puts in place more export terminals, LNG exports from the US will rise. Through May 2018, the US exported a total of LNG totaled 9.0 million tons, up 61% from the same period in 2017. Exports have been climbing since early 2016. Korea, Mexico and China were the top three export destinations to date, with relatively small volumes to the EU. Continue reading