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
China imported 39,000 tons of ethylene polymers from the US in October 2018, down from a monthly high of 102,000 tons in August.
US exports of ethylene polymers set a another record high in October, 2018, climbing to 706,300 tons. Volume in January was 494,000 tons.
ITP projects global trade volume in 2018 of 62 million tons in all polymers of ethylene (LDPE/LLDPE, HDPE, EAOC, Copolymers and EVA), up 5% from 2017. This compares with an increase of 7% in 2017 versus 2016. The trend in global trade volume generally indicates the trend in world demand.
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.
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.
Reflecting new capacity, US exports of ethylene polymers (LDPE, LLDPE, EAOC, HDPE, EVA, Copolymers) trended upward from the last quarter of 2017 and climbed through several new highs through July 2018.
Shipments totaled 5.3 million tons for the year, with volumes at record high levels early in the year, a slowdown from May through November, then a surge in December.
Exports from the Middle East to all other regions of LDPE/LLDPE, HDPE, EVA and Ethylene Copolymers (Ethylene-alpha-Olefins Copolymers plus Other Ethylene Copolymers) are projected by International Trader Publications to be up 9% at yearend 2017 versus 2016, to 17.1 million tons. This is an increase of 1.4 million tons from the prior year.
Imports into Western Europe from all other regions of LDPE/LLDPE, HDPE, EVA and Ethylene Copolymers (Ethylene-alpha-Olefins Copolymers plus Other Ethylene Copolymers) are projected by International Trader Publications to be down 4% at yearend 2017 versus 2016, to 4 million tons. Continue reading