China’s growing appetite leads global MEG trade. Overall volume is poised to hit a record high of 15.2 MMT in 2017. Accounting for 58% of global imports, China dominates with more volume stemming from the Middle East, Asia and the US. Export from UAE skyrocked from under 50KT to 320KT, bulk of which is to supplied to China and India.
Seminar on China as a major global chemical driver: China remains world’s largest chemical import in 2017 and its chemical exports surges 31% YoY in the same year. China’s manufacturing sector continued to expand at the start of 2018. While celebrating a Chinese New Year, ShipsFocus would like to share our views on how China’s demand would impact Asian chemical shipping in this new year.
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