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Daily Wire


PetroChem Wire's Daily Wire provides closing prices and a summary of the day's trading activity for US ethylene, proylene, polymers and upstream NGLs markets. Begun in 2007, its olefins and polyolefins prices serve as benchmarks for a number of physical and swap contracts that trade on the CME/NYMEX Clearport system.

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US PE scrap exports down 35.5% in Jan-Nov; India top destination

HOUSTON, February 7, 2019 (PCW) -- US exports of PE scrap were down by 35.5% in Jan-Nov 2018 from Jan-Nov 2017, the latest USA Trade Online data show.

Exports to China, the top destination in 2017, were 18,292 metric tons in the 2018 period, down by 91.6%; exports to Hong Kong, the number two destination in 2017, were 28,975 mt, down by 71%. Exports to Vietnam were also lower at 29,913 mt in Jan-Nov 2018, down by 33%.

India was the top destination in the 2018 period at 95,260 mt, up by 8%, with Malaysia second at 56,507 mt, up 49%.

Exports to Tanzania were 86 mt and to South Africa were 179 mt, compared to none for either country in 2017. -- Xavier A Cronin

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