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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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Plastic scrap exports down 35.5% in Jan-Nov 2018

HOUSTON, February 28, 2019 (PCW) -- US exports of plastic scrap were down 35.5% in Jan-Nov 2018 over Jan-Nov 2017 due to a sharp drop in exports to China and Hong Kong, the latest USA Trade Online data show (see chart).

Exports of the five categories tracked by the US government — PE, PS, PVC, PET and unsorted ‘other’ plastic scrap — totaled 1,007,749 metric tons in Jan-Nov 2018 valued at $479.2 million, down from 1,562,163 mt valued at $571.3 million in the 2017 period.

At the same time, exports were sharply higher to Malaysia, Thailand and Vietnam. Malaysia was the top destination of exports in the 2018 period at 200,021 mt. The plunge in exports to China and Hong Kong resulted from the country's ban on many scrap imports that began in Fall 2017. -- Xavier A Cronin

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