Tag Archives: Korea

China is Back. Imports of PE and PP Hit New Highs in May 2020.

After a slow beginning to the year as China battled the Corona virus, polyolefin imports picked up moderately in March and April then soared to new record highs in May. Prices continued their steep declines.

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US Exports of Some, But Not All, Ethylene Polymers Slow in April 2020

After trending higher since December and reaching record levels in March, the total volume of US exports across all the ethylene polymers was down in April. Shipments for the month were down 10% from March, but the magnitude of the decline varied greatly by specific polymer and also by region.

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Korea Exported Record Volumes of PE in March 2020 and Imported High Volumes of Fabricated Plastic Products, Trade with China a Key Factor

Shipments to China accounted for most of the surge in Korea’s exports; China was the source of most of Korea’s imports of fabricated plastic products.

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Sharp Drop in Polyethylene Exports From Singapore and Korea to China in February 2020

Exports of ethylene polymers to China accounted for more than half of Singapore’s and Korea’s total exports in 2019 but shipments to China from both countries plummeted in January, and, especially, in February, the most current month available.

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Global Trade in P-Xylene Projected Down 2% in 2019

Trade volume by year end is projected at 22 million tons, down 2% from 2018 based on the latest statistics from 50 countries. This compared with an 11% gain in global trade volume in 2018 versus 2017. Prominent trends in 2019 include a drop in Asia-Pacific intra-regional trade, increased exports from the Middle East, and lower shipments from North America.

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Global LNG Trade Projected Up 4% in 2019; Huge Shifts in Trade Between Regions

LNG trade is projected to exceed 340 million tons by year end 2019, up 4% from 2018, based on latest available statistics from 90 countries. Major increases in exports from US and Russia are impacting trade flows globally.

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Eastern European LNG Trade Spikes

There was a significant spike in Eastern European exports of LNG that largely went to Western Europe, and, a pronounced increase in intraregional trade mainly between Russia and Lithuania.

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