On June 27th, at the 2018 China Plastics Industry Conference co-sponsored by the Dalian Commodity Exchange, the China Petroleum and Chemical Industry Federation and the China Light Industry Council, the impact of the Sino-US trade war on the plastics industry became a topic of most concern to everyone. Experts said that although the trade war will have a great impact on China's plastics production and processing industry in the short term, the overall development of the plastics industry in China is still optimistic.
According to reports, the U.S. government has imposed tariffs on plastic products for 25 billion U.S. dollars worth of goods imported from China, and exports to the United States totaled 425 million U.S. dollars.
He Lan, vice president of the China Light Industry Council, believes: 'If the trade war continues to upgrade, it will certainly have a major impact on China's plastics processing industry and then the entire plastics industry. ' The oil and chemical industry as an important bargaining chip for both China and the United States One of them, the prices of various types of import and export products may increase significantly, and both Sino-American petrochemical product output and prices will have a great impact. However, most of our imports are high-end, differentiated products, and as tariffs increase, products The increase in prices may instead stimulate the development of high-end products in the petrochemical industry in China.
The director of the Information and Marketing Department of the China Petrochemical Federation, Zhu Wei also pointed out: 'While the trade war will cause some high-end plastic products to rise in price in the short term, in the long run, the trade war will transform the domestic chemical industry, explore new energy, and adjust the industry structure. There is a certain promotion.
According to Guo Yongxin, deputy secretary-general of the China Light Industry Council and spokesman, “Despite the trade war problem, despite the current low profit margins in the plastics industry, our prospects are still good. First, China’s consumption upgrade has brought a lot to the plastics processing industry. The development of space; Second, China's light industrial products still have the advantage of international competition; Third, the 'One Belt and One Road' initiative also brings significant opportunities for the light industry going into the plastics processing industry.