Tag Archives: MEG

Reduced Supplies from Saudi Arabia Adds Pressure on China in the Trade War with US

Saudi Arabia is China’s top supplier of HDPE, LLDPE, MEG, DEG and styrene and also ships large volumes of polypropylene, liquefied butane gas and liquefied propane gas, among others. The recent attack on Saudi oil facilities will reduce exports of polymers and chemicals, at the same time as imports from the US are curtailed by punitive duties.

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Little Change in MEG Global Trade Volume Projected for 2018

ITP projects MEG trade volume for 2018 of 15.1 million tons, up 1% from 2017. This compares with an increase of 10% from 2016 to 2017. The trend in global trade volume generally indicates the trend in world demand.

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China’s Trade June 2016 YTD: Generally Lower Imports; Big Gains on Some Exports

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

India: Strong Import Market for Many Polymers and Chemicals

In contrast to trends in China, India’s imports of many basic chemicals and polymers posted large percentage increases through the third quarter of 2015 versus the same period in 2014. Continue reading

Latest Trade Projections for 2015

Trade indicates trends in global demand. Increased trade volume generally indicates growth in demand; decreased trade volume indicates contraction. Continue reading

Focus on: Iran’s Polymer and Chemical Exports in the First Half of 2015

Iran’s exports of several large volume polymers and chemicals were up sharply in the first half of 2015 versus the prior year.  These products were shipped primarily to just three markets, China, India and Turkey, a situation which will change should sanctions be lifted. Continue reading

Increased Global Trade Volume Projected for 2014 for Several Engineering Polymers and Other Products

Demand drives global trade. ITP projects increased global trade volume in 2014 versus 2013 for numerous products, indicating increased demand. Continue reading