U polyethylene imports for H1-2015 fall 7.8% year on year

18-Aug-15

EU polyethylene imports for Jan-June 2015 fell 7.8% year on year to 1.14 million m tons, as per Eurostat data. As per Platts, over the same period, exports fell 3.7% to 992,424 mt due to tightness in low density polyethylene and linear low density polyethylene supplies in Europe Following a revision of the Generalized Scheme of Preferences, EU customs tariffs in January 2014 for polyethylene and polypropylene were revised up to 6.5% from 3% for imports from the Gulf Cooperation Council countries, such as Saudi Arabia