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The impact of Sino-US trade relations on China's overall plastics processing industry has limitations.
According to the survey, 39.02% of the respondents indicated that the change in Sino-US trade relations this year reduced their orders by 10%-20%, and 37.45% of respondents said that orders were reduced by 20-30%. Only 6.27% of respondents said orders were reduced by more than 50%.
They believe that the main reason for the impact is the increase in the cost of purchasing imported materials (62.87%), and the US customers stop placing orders (35.58%).
It can be seen from the survey results that the changes in Sino-US trade relations have indeed had a certain impact on the plastics processing industry, but the impact is relatively limited.
China's plastics processing industry's export trade to the United States only accounts for 15% of China's plastics processing industry's global export trade. The changes in Sino-US trade relations have limited impact on China's plastics processing industry.
This year, China's plastics processing industry's profit in the first six months is basically in a negative growth mode. This is mainly affected by the policy of prohibiting the import of waste plastics. The source of waste is reduced. Enterprises can only use nascent plastic particles for production and the cost is increased. In addition, environmental supervision has been tightened, and production of some SMEs has been limited.
The profit growth of China's plastics processing industry did not begin to show positive growth until after August of this year. He believes that this slow growth estimate still needs to continue for a while.
Lu'an Qingsong Masterbatch Co., Ltd. is located in the Dabie Mountains of Luan, Dongqi Road, Lu'an Economic Development Zone, covering an area of more than 10,000 square meters. It has many advanced production lines and various testing equipments.
Lu'an Qingsong Masterbatch Co., Ltd. has strict management measures and is based on the road of scientific and technological innovation. We welcome scientific research institutions from all over the world to jointly develop the latest color masterbatch products suitable for the market.