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On October 22, the Office of the United States Trade Representative (USTR) issued an announcement a few days ago, saying that it will start the exclusion process for products on the list of additional tariffs on China’s $300 billion in tariffs from October 3 From October 31, 2019 to January 31, 2020,.
Since 2019, judging from the inventory of major domestic petrochemical plastic products, in the first and second quarters, due to factors such as sluggish demand and the expected increase in domestic production capacity, the inventory is higher than the seasonal period in previous years, but entering the third quarter, the main downstream demand data for plastics On the bright side, the output of plastic products and the export volume of plastic products have resumed growth, and the petrochemical inventory has been depleted ideally, and the inventory has gradually approached the seasonal level of the same period in previous yea.
The fourth quarter is the peak production and demand season for PE downstream produc.
