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
Singapore imported 1.7 million tons of commodity polymers through July 2018, up 11%, and exported 4.2 million tons, up 6%.
Korea’s exports of commodity polymers expanded moderately in the first seven months of 2018, as did shipments of fabricated plastic products. Imports rose sharply. Korea exported less recycle polymers but imported more.
Imports of fabricated plastic products that can be specifically identified by polymer were 3.5 million tons in 2017, up 17%. (Much larger volumes of fabricated products are imported as mixtures of polymers.) Imports were at record high levels for most of the year, including through the fourth quarter.
Over 1 million tons of plastic film and sheet was imported into the United States in 2016. Imports were up 10% through July 2017. Film and sheet from polyethylene, PET and polypropylene were the largest volume imports, followed by PVC, polystyrene and polycarbonates.