Please note this report just focuses on the waste polymers of ethylene commodity code (391510), as exports of other plastics are relatively small in volume
Exports of waste polymers of ethylene increased to 27,407 tonnes in February from 23,412 tonnes in January. This is almost half of February 2017’s 50,005 tonnes.
A surprising amount of this commodity code went to Hong Kong in February. A total of 16,761 tonnes went there, up massively on February’s 731 tonnes. This is the best month for Hong Kong since just over 20,000 tonnes was exported there in June 2015. It seems unlikely it is a backdoor route into China, but it could be. More likely, it is being used as an alternative port destination for other Asian countries.
The next strongest destination was India, importing 10,745 tonnes from the UK, compared to just 1,346 tonnes in January.
Malaysian tonnage increased to 8,942 in February, from 7,810 tonnes in January.
Europe was next with 6,366 tonnes, down from 6,569 tonnes in January. Poland was strongest with 2,660 tonnes, virtually unchanged on January’s 2,658 tonnes. Next was Netherlands with 1,875 tonnes, up from 1,799 tonnes the month before.
Interestingly, Thailand improved to 1,912 tonnes in February, from just 659 in January. The same was seen with Taiwan, which jumped to 1,202 tonnes from 657 the month before.
PE key destinations (391510)