Influence of Sino-US trade war on polyolefin and plastic products

US stir-up friction shakes global market 2019 Impact of Sino-US trade war on polyolefin and plastic products May 9, the United States Government announced that since the 2019 Sino-US Trade war on polyolefin and plastic products affected by May 10, the import of 200 billion U.S.-China trade war on polyolefin and plastic products on the impact list commodity levy tariff rate increased from 10% to 25%. The above measures have led to an escalation of Sino-US economic and trade frictions. Subsequently, China resolutely counter the system and announced the impact of the 2019 Sino-US Trade war on polyolefin and plastic products from 0 o’clock on the June 1, the 60 billion U.S.-China trade war that has imposed tariffs on the impact of polyolefin and plastic products on the list of United States goods, the increase in tariff rates, the implementation of 25%, 20% or 10% tariff increases, respectively.

5% tariffs continue to be imposed on items that have previously been imposed on tariff lines of 5%.

Trade friction is not a child fight, and as the world’s first and second largest economy, news of the friction and escalation of Sino-US trade has sparked a fall in major global stock indexes and weighed down global commodity downturns.

The plastics industry is hard to survive Polyolefin as a commodity is also affected, the international trade environment is once again due to the United States provoked by the escalation of trade friction and grim. Domestic concerns about the obstruction of exports of plastic products, and then a pessimistic attitude towards the demand for synthetic resin raw materials, including polyolefin, led to the continued downward trend of polyolefin futures in large merchants, as of this week, the market mentality only slightly has picked up, and large merchants L09 and P09 contracts are affected by this,

The biggest drop in just one week was more than 400. Impact of Sino-US trade Wars on polyolefin and plastic products/Sino-US trade war on polyolefin and plastic products, taking the East China market linear as an example, some spot brand market decline is the largest close to 500 Sino-US trade war on polyolefin and plastic products influence/Sino-US trade war on polyolefin and plastic products

Changes in the supply flow of polyethylene global market The influence of Sino-US trade war on polyolefin and plastic products on polyolefin and plastics in China and the United States Trade war on polyolefin and plastic Products The influence of Sino-US trade war on polyolefin and plastic products added, according to the United States ACC data, 2019 Sino-US Trade war on polyolefin and plastic products affected January-April, U.S. polyethylene monthly exports remain at 600,000 Sino-US trade Wars affect polyolefin and plastic products above, with major trade flows to Europe, Asia and the Americas. Because of the impact of the Sino-US trade war on polyolefin and plastic products, China imposed a 25% tariff on the United States for low pressure and linearity, leading to a Sino-US trade war on polyolefin and plastic products affecting the impact of U.S.-China polyethylene exports on polyolefin and plastic products in the 700,000 Sino-US trade war, The impact of about 40.5 million Sino-US trade Wars on polyolefin and plastic products has been reduced more than expected.

Enables factories in the Middle East and Southeast Asia to supply Sino-US trade war on polyolefin and plastic Products The influence of Sino-US trade war on polyolefin and plastic products flows to the Chinese market.

Domestic Plastic Products Export blocked The US $200 billion tax on the list of goods increased from 10% to 25%, involving the plastic products part of the 8 billion U.S.-China trade war on polyolefin and plastic products, accounting for more than 2018 Sino-US Trade war on polyolefin and plastic products affected by the export to the United States total amount of 43%. 8 billion of dollars accounted for about 3.5% of the total domestic demand, this part of the export fell to 0, the need for the remaining aggregate demand of the Sino-US trade war on polyolefin and plastic products affect the speed of 3.6% to maintain aggregate demand the Sino-US trade war has a flat-year impact on polyolefin and plastic products. Of course, plastic products not only involve the demand for polyolefin, but also on PS, PET, EVA and other needs have a negative impact.