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.
There was a strong upward trend in Thailand’s exports of commodity polymers through most of the first seven months of the year. Imports of virgin commodity polymers were up slightly; imports of recycle polymers soared.
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.
Brazil’s exports of commodity polymers trended downward through most of the first seven months of 2018. Imports were moderately higher; imports of fabricated plastic products rose strongly.
In the first seven months of 2018, Iran exported slightly more polyethylene than in the same period in 2017. Exports of polypropylene were lower; exports of styrenic polymers and PVC increased, but volumes were small. Exports of fabricated plastic products reached new highs.
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.
Exports from the US of commodity polymers trended higher through most of the first half of 2018 and set a new record in June. Imports of fabricated plastic products also hit a new high in June.
Global trade in ethylene polymers expanded by 6% through June 2018, to over 22 million tons based on preliminary data. Most of the increase was accounted for by higher volumes of conventional high pressure PE and ethylene-alpha-olefins copolymers. Continue reading
Imports were at record levels for most of the second half of 2017.