Attend PetroChem Wire's FREE Half-Day Seminar in Houston
You are warmly invited to “Now More Than Ever,” PetroChemWire's FREE seminar in Houston.
With more material all along the US petrochemical value chain now available to the world, experts from PCW – the provider of benchmark olefins and polymers prices for the CME and ICE – will discuss the volatile petrochemicals space, managing price risk, feedstock economics and the impact of new capacities.
You can also network at our cocktail reception following the presentations.
Where: Hearsay on the Green, 1515 Dallas St., Houston TX 77010
When: 2-5 p.m., March 20, 2018 (Cocktail reception 4-5 p.m.)
Kathy Hall, CEO and Executive Editor, PCW
David Barry, Senior Editor, PCW
Robert Sharp, Senior Editor, PCW
Samantha Hartke, Product Manager, PCW
Trey Hamblett, VP of Chemicals Research, IIR Energy
China's 'Sword' ban chops PET scrap exports down by 94%
HOUSTON, March 9, 2018 (PCW)-- US exports of PET scrap totaled 19,364 metric tons in Jan, down by 19,364 mt or 68% from Jan 2017, the latest US Commerce Department data show.
The main reason was a drop in exports to China, the top destination of US plastic scrap exports in 2017. The country's Operation Sword ban on many kinds of plastic scrap (and rubbish) imports was launched last year and volumes have fallen sharply.
US PET scrap exports in Jan to China fell to 702 mt, down by 12,352 mt or 94% from Jan 2017. Exports to Hong Kong, the number two source in 2017, totaled 1,724 mt in Jan, down by 10,444 mt or 86% from Jan 2017.
Although Hong Kong is an autonomous territory and not an official party to the ban, exports there have also plunged as it is often a transit location for scrap en route to China.
The top destination of US PET scrap exports in Jan was Turkey at 2,195 mt, up from just 69 mt or by 3,081% in Jan 2017. Exports to Malaysia in Jan totaled 1,058 mt in Jan, down by 83 mt or 7% from Jan 2017. -- Xavier A Cronin