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The impact of Sino-US trade warfare on polyolefins and plastic products
Views:1773 Updated:2019-05-24
Sino-US trade friction is not a child fight. As the world's first and second largest economies, the news of the escalation of Sino-US trade friction has triggered a fall in the world's major stock indexes, suppressing the decline of global commodities.

The plastics industry is hard to escape

Polyolefins have also been affected as commodities, and the international trading environment is once again severe due to the escalation of trade frictions provoked by the United States. In the domestic market, the market is worried about the obstruction of the export of plastic products, and then the pessimistic attitude towards the demand for synthetic resin raw materials including polyolefins, which led to the continuous decline of the polyolefin futures of Dashang. As of this week, the market mentality has rebounded slightly. The L9 and P09 contracts of the DCH have been affected by this. The biggest drop in just one week is more than 400. The impact of Sino-US trade war on polyolefins and plastic products/China-US trade war on polyolefins and plastic products, taking the linearity of East China market as an example. The spot market price fell as much as 500. The impact of Sino-US trade war on polyolefins and plastic products/China-US trade war on polyolefins and plastic products.

Changes in the flow of polyethylene in the global market

Nearly two Sino-US trade wars affecting polyolefins and plastic products. US polyethylene exports to China and the United States. The impact of trade wars on polyolefins and plastic products continues to affect the impact of Sino-US trade warfare on polyolefins and plastic products. According to US ACC data, 2019 US trade wars on polyolefins and plastics products 1-April, US polyethylene exports per month remained at 600,000 Sino-US trade wars on polyolefins and plastic products, the main trade flows to Europe, Asia and the Americas. Because the trade war between China and the United States affects polyolefins and plastic products, China imposes a 25% tariff on low-pressure and linearity in the United States, resulting in a trade war between China and the United States affecting polyolefins and plastic products. US exports of polyethylene to China are 700,000. The impact of the US trade war on polyolefins and plastic products has reduced the impact of the US-China trade war on polyolefins and plastic products by about 400,000-500,000. The Sino-US trade war between the Middle East and Southeast Asia has affected the impact of the Sino-US trade war on polyolefins and plastic products on the polyolefin and plastic products.

Domestic plastic products exports blocked

The US 200 billion US dollar list of goods taxation increased from 10% to 25%, including plastic products part of the 8 billion US-China trade war on polyolefins and plastic products, accounting for the impact of 2018 Sino-US trade war on polyolefins and plastic products The total amount of exports to the United States of 43% of the US$80 million accounted for about 3.5% of the total domestic demand. If this part of exports fell to zero, the Sino-US trade war that required the remaining total demand would affect the polyolefin and plastic products by 3.6%. In order to maintain the total demand, the impact of the Sino-US trade war on polyolefins and plastic products was flat year-on-year. Of course, plastic products not only involve polyolefin demand, but also have a negative impact on demand for PS, PET, EVA and so on.