US exported 709,000 tons of ethylene polymers in January, 2019, a new monthly record. This was up 44% from the prior January. The average price fell to $1225/ton.Continue reading
US exports of HDPE have trended higher through most of 2018, with volume of 2.1 million tons through October up 21% from the same period in 2017. A record 259,000 tons were shipped in the month of October.
Shipments increased to every region except the Middle East, with the largest percentage gains on exports to Western Europe and Asia Pacific.Continue reading
China imported a record 6 million tons of LNG during November 2018, raising the year to date import volume to 47.6 million tons, an increase of 43% from the same period in 2017.
The United States exported 18.4 million tons of LNG through October 2018, up 54%, and imported 2 million tons, down 10%. Continue reading
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.
The US imported 577,000 tons of propylene polymers through October, 2018, up 39% from the same period in 2017. US exports of these polymers were down 13% through October, to 1.5 million tons.
US exports of ethylene polymers set a another record high in October, 2018, climbing to 706,300 tons. Volume in January was 494,000 tons.
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.
On August 23rd, the US imposed tariffs of 25% on imports of a number of fabricated plastic products from China, including film/sheet from PE and PP, tubes/pipes from PE and PP and monofilament from PE. US imports from China of all these products except PE film/sheet were down in August versus July.
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.