Lower imports into Asia-Pacific’s two top markets, Korea and China, were reflected in the region’s trade in 2018. Imports from other regions were down and intra-regional trade volume was flat with the prior year.Continue reading
The volume of liquefied propane gas (LPG) traded globally in 2018 was up 11% from 2017, to 78 million tons, based on latest available data.Continue reading
In advance of the Chinese New Year holiday beginning on February 5th, China’s imports of many products jumped to new highs in January.Continue reading
On August 23rd, 2018, China imposed a 25% duty on imports of ethylene, propylene and butadiene from the US. China imports relatively small volumes of propylene and butadiene from the US. Imports of ethylene, however, are sizable and volumes slowed in the fourth quarter, impacted by the duty.Continue reading
Higher phenol exports from new capacity in Saudi Arabia was one factor in the 7% increase in global trade volume, to 3.0 million tons, projected for 2018.
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.
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.
US exports of polypropylene, propylene copolymers and polyisobutylene were down 14% through July 2018, to 1.1 million tons, while imports jumped 36%, to 370,000 tons.
Butylene global trade in 2017 was just over 1 million tons, a 2% increase from 2016.
China’s polyethylene imports rebounded strongly in November 2017. This followed a relatively small holiday-related decline in October, versus previous years. Imports of recycle polyethylene continued trending downward, to their lowest monthly volume in the 2013-2017 period.