Mon, 15 Feb 2021 22:00:57 +0000
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.
Full article: https://www.hellenicshippingnews.com/chinas-self-sufficiency-in-paraxylene-to-impact-chemical-shipping-market-in-2021/