Much higher imports of polyethylene and styrenic polymers, reduced polymer imports from the US, no imports of recycle polymers, and, record high exports of fabricated plastic products characterized China’s trade in 2018.Continue reading
US exports of HDPE have trended higher through most of 2018, with volume of 2.1 million tons through October up 21% from the same period in 2017. A record 259,000 tons were shipped in the month of October.
Shipments increased to every region except the Middle East, with the largest percentage gains on exports to Western Europe and Asia Pacific.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.
China’s imports October YTD showed particularly strong gains on imports of ethylene-alpha-olefins copolymers (LLDPE) and styrenic polymers, versus the same period in 2017. Only imports of PVC were down.
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.
India’s trade in commodity polymers in the first half of 2018 was highlighted by record high exports of virgin polymers, record high exports of fabricated plastic products, and, increased imports of recycle polymers.