China’s self-sufficiency in paraxylene to impact chemical shipping market in 2021
China’s increasing production of paraxylene will reduce imports from South Korea and Japan, putting pressure on freight rates on intra-Asia routes in 2021. Paraxylene is the second-largest organic chemical carried by chemical tankers. In 2020, paraxylene comprised 17.1% in the total organics seaborne trade. However, trade volumes have been declining since 2018 due to the ...
The post China’s self-sufficiency in paraxylene to impact chemical shipping market in 2021 first appeared on Hellenic Shipping News Worldwide.
China’s increasing production of paraxylene will reduce imports from South Korea and Japan, putting pressure on freight rates on intra-Asia routes in 2021. Paraxylene is the second-largest organic chemical carried by chemical tankers. In 2020, paraxylene comprised 17.1% in the total organics seaborne trade. However, trade volumes have been declining since 2018 due to the ...
The post China’s self-sufficiency in paraxylene to impact chemical shipping market in 2021 first appeared on Hellenic Shipping News Worldwide.
[post_title] => China’s self-sufficiency in paraxylene to impact chemical shipping market in 2021
[post_excerpt] => China’s increasing production of paraxylene will reduce imports from South Korea and Japan, putting pressure on freight rates on intra-Asia routes in 2021. Paraxylene is the second-largest organic chemical carried by chemical tankers. In 2020, paraxyle...
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