From PetroChem 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 PET imports jumped 40% in 2018 as new suppliers added
HOUSTON, March 8, 2019 (PCW) -- US imports of PET totaled 949,381 metric tons in 2018, up by 274,302 mt or 40.1% from 2017, the latest USA Trade Online data show (see table below).
New sources of imported PET last year included Vietnam and South Africa. Imports from China surged from just 58 mt in 2017 to 14,382 mt in 2018. Imports from Brazil — hit last year with anti-dumping duties — plunged to 5 mt in 2018 from 57,390 mt in 2017.
Mexico remained the top source of US PET imports in 2018 at 304,175 mt—32% of the total—up from 231,044 mt in 2017. Canada was the number two source in 2018 at 107,106 mt, up from 66,550 mt in 2017. -- Xavier A Cronin