US June HDPE exports rose by 38.4% year on year

10 August 2012 18:38  [Source: ICIS news]

HOUSTON (ICIS)--US high density polyethylene (HDPE) exports for June increased by 38.4% from the same month in 2011, according to data available from the US International Trade Commission (ITC) on Friday.

Exports of HDPE rose to 154,154 tonnes in June from 111,361 tonnes in 2011.

Mexico, Canada and Brazil purchased the most HDPE from the US, with Mexico taking 31% of exports for a total of 48,130 tonnes.

The Mexico total represented a slight decrease from the 48,649 taken in June 2011. However, export totals to all other countries increased significantly, with Brazil taking nearly twice as much as in June 2011, and Peru taking more than four times as much material as in June 2011.

The increase in exports was expected as US PE prices fell by 14 cents over May and June, causing US material to be some of the lowest priced in the world, sources have said.

US low density polyethylene (LDPE) exports for June were up by 30.5% from the same month in 2011, rising to 54,795 tonnes from 41,975 tonnes in June 2011.

Canada took 17,629 tonnes of US LDPE, while Mexico took 8,553 tonnes and Colombia took 3,747 tonnes.

US linear low density polyethylene (LLDPE) exports rose by 23.3% year on year in June, rising to 52,927 tonnes from 42,908 tonnes in June 2011, according to the ITC.

Mexico, Singapore and Canada took the most US LLDPE material, together accounting for more than half of all US exports.

Major US PE producers include Chevron Phillips Chemical, LyondellBasell, Dow Chemical, ExxonMobil, Westlake, INEOS, Total, Nova Chemicals and Formosa Plastics.

US Exports in tonnes

June '11

June '12

% chg

YTD'11

YTD '12

%chg

HDPE

111,361

154,154

38.4

861,848

806,143

-6.4

LDPE

41,975

54,795

30.5

298,511

325,320

9.0

LLDPE

42,908

52,927

23.3

274,490

288,510

5.1

 

 

 

Source: USITC


By: Michelle Klump
+1 713 525 2653



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