The United States exported 255,000 tons of monoethylene glycol through April 2019, up 25% from the same period in the prior year. Lower volumes to top destination, Mexico, and a sharp drop in shipments to China, were more than offset by gains to Europe, Brazil and elsewhere.Continue reading
Iran exported 3.6 million tons of commodity polymers in 2018, down 5% from the prior year. Imports were 198,000 tons, down 42%. Shipments of fabricated plastic products jumped 35%, to 224,000 tons.Continue reading
Two main factors – the startup of new capacity plus tariffs on exports to China – have resulted in large regional shifts in US exports of linear PE. Exports have increased to all regions but especially to Western and Eastern Europe, and combined shipments to those regions now exceed those to Asia-Pacific.
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.
Global trade in recycle polyethylene was down 14% through June 2018, the loss of China as an import market partly offset by higher imports into other Asia-Pacific markets and also Turkey.
Although virgin polyethylene production capacity is similar in both regions, Western Europe exported 1.4 million tons of recycle polyethylene in 2017, compared with 0.6 million tons exported by from North America.
Shipments in 2017 from both regions were mainly to Asia-Pacific, although 220,000 tons of its total was shipped by Western Europe to Eastern Europe. Exports from both Western Europe and North America declined versus 2016, by 15% and 9%, respectively.
As of January 2018, China’s imports of R-PE have virtually disappeared. Although R-PE imports into Vietnam, Malaysia, Turkey and other countries have been rising, their imports to date are much smaller than China’s. Because of the previous size of Western Europe’s R-PE exports, that region will likely be impacted by the loss of the Chinese market to a greater degree than will North America.
From International Trader Publications’ Recycle Polyethylene World Trade Review – a continuously updated on line analysis of trade trends between countries and regions, based on latest import/export statistics from 46 countries.
The US exported 9.1 million tons of LNG through August 2017, up 358% from the same period in 2016. There were exports to many new markets, plus higher shipments to some of the same markets as in 2016.
Preliminary figures for 2016 indicate a 6% increase in global trade volume in polyethylene film and sheet, to just under 5 million tons.
The volume of propylene glycol traded globally showed a 1% rise through August 2016, to over 600,000 tons, based on earliest available data.
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