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PVC scrap exports down 11% in Jan-Nov 2018
HOUSTON, February 19, 2019 (PCW) -- US exports of PVC scrap were down 11% in Jan-Nov 2018 over Jan-Nov 2017 due to a plunge in exports to China. At the same time, exports surged to Malaysia, Thailand and Vietnam. (See chart)
Exports totaled 133,756 metric tons in the first 11 months of 2018, down from 150,074 mt in the 2017 period. The exports were valued at $40.2 million and $46.1 million in the respective periods.
Th plunge in plastic scrap exports to China is a familiar story, the result of the country's ban on many scrap imports that began in fall 2017. Alternate markets in Asia have picked up some of the slack. Malaysia was the top destination of exports in Jan-Nov 2018 at 50,284 mt, or 37.6% of the total, up five-fold from the 2017 months.
New destinations this year included Israel at 71 mt and Cambodia at 1,000 mt, both up from none in 2017. -- Xavier A Cronin