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Home Icon > About Us > News > China’s self-sufficiency in paraxylene to impact chemical shipping market in 2021

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.

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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... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => chinas-self-sufficiency-in-paraxylene-to-impact-chemical-shipping-market-in-2021 [to_ping] => [pinged] => [post_modified] => 2021-02-15 22:00:57 [post_modified_gmt] => 2021-02-15 22:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=854975 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )