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US PET scrap exports to China, Hong Kong plunge
HOUSTON, December 7, 2016 (PCW) -- US exports of PET scrap, valued at $103.1 million in 2015, totaled 193,403 metric tons through October, down 50,013 mt or 20.5% from Jan-Oct 2015, the latest USA Trade Online data show.
The main reason was a drop in exports to China and Hong Kong, which together accounted for 85% of the total in Jan-Oct 2016. Exports to China were 89,225 mt in Jan-Oct 2016, down 39,225 mt or 30.8%; exports to Hong Kong were 75,398 mt, down 9,524 mt or 11% from the 2015 period.
US PET scrap exports to Vietnam through October, meanwhile, totaled 6,573 mt, up 1,238 mt or 23% from Jan-Oct 2015. -- Xavier A. Cronin