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US PET scrap exports down 36% through May on less to China, HK
HOUSTON, July 12, 2016 (PCW) -- US exports of PET scrap, valued at $103.1 million in 2015, totaled 87,730 metric tons in January-May, down by 49,557 mt or 36% from the year-ago period, the latest USA Trade Online data show.
The drop was the result of a falloff in exports to China and Hong Kong; together they received 87% of the total in Jan-May 2016.
Exports to China in the 2016 period were 41,453 mt, down 44%, and 35,030 mt to Hong Kong, down 29%.
Exports to India in the 2016 period totaled 1,007 mt, up from 226 mt or by 346% from the year-ago period.
PET scrap is one of five plastic scrap export categories tracked by USA Trade Online, a unit of the US Census Bureau. All US plastic scrap exports in 2015 were valued at $816.4 million. -- Xavier A. Cronin