The locomotive that is the U.S.-China trade conflict continues its slow, inexorable journey forward, disturbing no one but those with a clear view of the cliff and the sign that reads: Welcome to 2019. Recent warnings concern petrochemicals. 'In September, polyethylene export volumes pulled back for the first time in seven months, but have still been surprisingly resilient in the face of the Chinese tariffs,' said The Plastics Exchange. 'Even at September’s lower export tally of 1.15 billion pounds, which was about 130 million pounds below the all-time record just made in August, exports have ratcheted up to a new norm.'
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