The March 1 deadline for an increase from 10% to 25% in tariffs by the US on $200 Billion of imports from China has been postponed, but tariffs on many polymers and chemicals put in place earlier by both countries remain.
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 →
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 →
United States’ exports of several chemicals surged in the first half of 2015: shipments of acetone, benzene, ethylene glycol, methanol, phenol, propylene and VAM were up 16% to 142% from the same period in 2014.
Global trade in both non-expandable (general purpose) polystyrene and expandable polystyrene contracted by 3% in 2013, noting declines also in 2012. ITP measured 3.5 million tons of PSN trade and 2.1 million tons of PSX. Styrene monomer trade grew 7%, to 10.9 million tons. Trends in global trade volume for widely traded products are an indicator of global demand. Continue reading →