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Recently, at the 2018 China Plastics Industry Conference jointly hosted by the Dalian Commodity Exchange (Da Shang) and the China Petroleum and Chemical Industry Federation and the China National Light Industry Association, the impact of the Sino-US trade war on the plastics industry has become the topic of greatest concern to everyone. . Experts attending the meeting said that although the trade war will have a great impact on China's plastics production and processing industry in the short term, in the long run, the overall development of China's plastics industry is still optimistic.
According to reports, the US government has imposed 25 tariff items on plastics products, and the total exports to the United States reached 425 million US dollars.
He Wei, vice chairman of the China National Light Industry Council, said: "If the trade war continues to escalate, it will definitely have a greater impact on China's plastics processing industry and the entire plastics industry." The petroleum and chemical industries are important chips for the game between China and the United States. One of them, the prices of various types of import and export products may be greatly increased, which will have a great impact on the production and price of petrochemical products of both China and the United States. However, most of China's imports are high-end, differentiated products. As tariffs increase and product prices increase, it may lead to the development of high-end products in China's petrochemical industry.
Zhu Yu, director of the Information and Marketing Department of the Petrochemical Federation, also pointed out: "Although the trade war will cause some high-end plastic products to rise in the short term, in the long run, the trade war will transform the domestic chemical industry, new kinetic energy exploration, and industrial restructuring. There is a certain promotion."
Guo Yongxin, deputy secretary-general and spokesperson of the China National Light Industry Council, said: "Despite the trade war issue, although the current profit margin of the plastics industry is still relatively low, our prospects are still good. First, China's consumption upgrades have brought a broad range to the plastics processing industry. Development space; Secondly, the international competitive advantage of China's light industrial products still exists; once again, the 'One Belt, One Road' initiative also brings significant opportunities for light industry such as plastics processing industry to go out."