US Feb LLDPE exports rose by 15% year on year

09 April 2014 21:44  [Source: ICIS news]

HOUSTON (ICIS)--US linear low density polyethylene (LLDPE) exports for February 2014 increased by 15% from the same month in 2013, according to data available from the US International Trade Commission (ITC) on Wednesday.

Exports of LLDPE rose to 57,629 tonnes in February 2014 from 50,048 tonnes in 2013.

Mexico, China and Canada purchased the most LLDPE from the US, with Mexico taking 30% of exports for a total of 17,441 tonnes, which represented a 6% increase from the 16,456 tonnes the country took during the same month in 2013.

China took in 84% more LLDPE than in February 2014 than it did in the same month of 2013, while Canada saw a 43% increase in the amount of material it took from the US in February versus the same month a year ago.

US low density polyethylene (LDPE) exports for February  increased by 9.3% from the same month in 2013, rising to 62,909 tonnes from 57,573 tonnes.

The top three destinations for US material were Canada, Mexico and China, together taking 53% of exports. Exports to Canada fell slightly, while exports to Mexico and China grew.

US high density polyethylene (HDPE) exports decreased by 17% year on year in February, falling to 137,784 tonnes in 2014 from 165,336 tonnes in February 2013, according to the ITC.

Mexico, Canada and Brazil were the top destinations for US material, together accounting for 65% of all US exports.  Exports to Mexico and Canada declined, while exports to Brazil increased.

Part of the decrease in HDPE exports is likely attributable to tight supply caused by a number of plant outages and weather delays in the first two months of the year.

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

 

US Exports in tonnes

Feb '13

Feb  '14

% chg

YTD'13

YTD '14

%chg

HDPE

165,336

137,784

-17

350,852

287,771

-18

LDPE

57,573

62,909

9.3

120,209

129,184

7.5

LLDPE

50,048

57,629

15

104,450

133,299

27.6

 

 

 

Source: USITC

 


By: Michelle Klump
+1 713 525 2653



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