On the evening of August 8, according to the Ministry of Commerce notice 55th of 2018 and the notice of the Customs Tariff Commission of the State Council on the imposition of tariffs on imported goods originating in the United States ((2018)7), it is announced that the adjusted list of tariff items on the United States ' imports of goods is two,
The levy of 25% duty has been imposed since 12:01 August 23, 2018. Styrene (Tariff number: 29025000), Acrylonitrile (29261000), Butadiene (1, 3 butadiene tariff number: 29012410) as the upstream raw materials of ABS, are in the United States and the introduction of tariff goods List Ii.
How does ABS market look? According to customs data, 2017 China's total imports of styrene in 3.212 million tons. Among them, the U.S. source of imports in 305,700 tons, accounting for more than 9%. However, since the June 2017 Styrene anti-dumping investigation date, domestic buyers of U.S.-made styrene procurement began to shrink, and since June 23, 2018, the State Council Customs Tariff Commission in accordance with the recommendations of the Ministry of Commerce to make a decision on imports of styrene originating in the United States levy anti-dumping duties, the tax rate of 13.7%- 55.7% range, the levy period is 5 years.
Under the premise of anti-dumping, the imposition of a 25% tariff, the impact on the styrene market or limited. Secondly, in 2017, the total amount of acrylonitrile imports in China is about 270,800 tons. Among them, the United States supply imports in 60200 tons, accounting for more than 22%. As early as April 4, China announced 14 categories of 106 items to levy a 25% tariff, including acrylonitrile products, due to anqing petrochemical overhaul There is a rising market for acrylonitrile, heard this list, the rally more rapid, and some buyers have begun to seek alternative regional sourcing.
The announcement again, or to the acrylonitrile market speculation efforts Limited. Finally, 2017 China's total imports of butadiene in about 360,700 tons. Among them, the U.S. source of imports in 22400 tons, accounting for more than 6.21%. As the raw material of the shale gas revolution in the United States led to a reduction in the ethylene ratio of naphtha, the production of butadiene in the United States decreased significantly and became a butadiene notch country, and it is expected that the number of butadiene imports from the United States will gradually decrease in the coming years.
Therefore, the Sino-US trade war has very limited influence on the butadiene market in China. In addition, the current raw material enterprise profits are high, a rough calculation of the theory of styrene enterprises in the 2000 Yuan/ton, acrylonitrile and Butadiene Enterprise theory profit in 6000 yuan/ton. In addition, the early domestic styrene, acrylonitrile and butadiene market overall showing upward trend, the current price is high in the year, continue to increase space or limited. ABS market cost side of the recent strong support, but at the time of production, some large enterprises, especially air-conditioning enterprises have more parking production operations, small and medium-sized downstream enterprise production and marketing downturn, coupled with high price conflict, at present to seek low-cost sources in the field, spot digestion slow. In the demand side of the drag, the ABS market upward weakness, corporate profits are shrinking.