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.Continue reading
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.Continue reading
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
Trade indicates trends in global demand. Increased trade volume generally indicates growth in demand; decreased trade volume indicates contraction. 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.
There were spectacular increases on imports of several large volume chemicals and polymers into China in the first half of 2015, and declines on others.
Demand drives global trade. ITP projects decreased global trade volume in 2014 versus 2013 for several large volume polymers and chemicals, indicating decreased demand.
Iran is among the world’s top exporters of ethylene glycol, methanol, para-xylene, LDPE, HDPE, polypropylene and styrene. Continue reading
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