During the two-year period from January 1, 2020 through December 31, 2021, China has agreed to increase by $200 billion purchases from the United States of manufactured goods, agriculture, energy and services.Continue reading
On August 23rd, 2018, China imposed a 25% duty on imports of ethylene, propylene and butadiene from the US. China imports relatively small volumes of propylene and butadiene from the US. Imports of ethylene, however, are sizable and volumes slowed in the fourth quarter, impacted by the duty.Continue reading
The March 1 deadline for an increase from 10% to 25% in tariffs by the US on $200 Billion of imports from China has been postponed, but tariffs on many polymers and chemicals put in place earlier by both countries remain.Continue reading
Ethylene global trade in 2017 was 7.9 million tons up 10% from 2016.
China’s imports of ethylene jumped back up to nearly 200,000 tons in June 2017, at an average price of $1077/ton, after two months around 160,000 tons per month. Volume in the first half of the year was up 48% from the same period in 2016.
The volume of ethylene monomer traded as imports and exports in 2016 was 7.1 million tons, up 4% from 2015. Much higher imports into Asia-Pacific from sources outside the region, and also into Western Europe, were key factors on the demand side. (Based on latest available trade statistics.) Continue reading
China’s imports of most polymers and chemical were lower in the first half of 2016 than in the same period in the prior year. Exceptions were imports of: ethylene, EVA, propylene oxide and, especially, methanol. China’s exports of PVC, polypropylene, PTA, VAM and non-expandable polystyene surged. Shipments of polyethylene also were up. Continue reading
After more than a year of inactivity, the United States began exporting ethylene in May, 2015, and shipments since then have averaged roughly 15,000 tons per month.
The volume of ethylene monomer traded globally in 2015 was up 12% from 2014; propylene monomer trade expanded 11%. Much higher shipments from North America to Asia-Pacific, and substantially reduced exports from the Middle East to that region, were prominent features of global ethylene trade. North America also exported much higher volumes of propylene, but nearly all of it to Latin America. The Middle East increased its propylene exports to Asia-Pacific.
United States’ exports of several chemicals surged in the first half of 2015: shipments of acetone, benzene, ethylene glycol, methanol, phenol, propylene and VAM were up 16% to 142% from the same period in 2014.