Analysis of the impact of tariffs on China’s chemical export market
Some chemical products involved in the tariff list are the ones that account for a large proportion of China’s exports to the United States, such as polymerized MDI and butaqnone. Shenyang sunnyjoint chemicals co., ltd also assessed the impact of the tariffs on specific products. Overall, the number of Chinese exports to the United States and the types of chemical products that account for a large proportion are relatively small, so the overall impact on the chemical market is estimated to be limited.
Analysis of the impact of tariffs on China’s chemical import market
Based on past experience, China is bound to take countermeasures against tariff increases by the United States, the most direct of which is to impose tariffs of the same magnitude on imports from the United States. For this reason, Shenyang sunnyjoint chemicals co., ltd has compiled a list of chemical products that China imports from the United States, including ethanol, isobutanol, epichlorohydrin, phenol, n-butanol and epichlorhydrin. On the whole, once China implements the countermeasures, except for ethanol, the impact of other chemicals is expected to be relatively limited.
Conclusion outlook
In terms of Chinese chemical products, imports is still the most important trend, after all, many chemical products still have a supply gap, exports are relatively limited. In addition, in terms of import and export, the United States is not the most mainstream import and export market for Chinese chemical products. The import and export volume of Chinese chemical products are mainly concentrated in Asia, especially northeast Asia, represented by South Korea and Japan. Therefore, this time the United States imposed tariffs on China, the impact on the chemical market is relatively limited; In the later stage, once China implements countermeasures, the impact on the chemical product market may increase, but overall it is still expected to be limited.
However, most of the chemical products for the upstream raw materials, the market trend by the downstream demand more direct impact. Although the direct impact of tariffs imposed by China and the United States on chemical products is expected to be limited, the impact on its downstream products may be much greater than that on chemical products, and the indirect impact on chemical products may be equally large. Therefore, the specific impact of the tariff levy remains to be seen, including what kind of countermeasurews China will take in the future is also crucial. Shenyang sunnyjoint chemicals co., ltd will also continuously track the relevant impact, the specific situation will continue to reflect in the subsequent analysis.