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Based on the news released by many foreign media, the White House announced a few days ago that it will review and evaluate all measures related to national security signed by the former President Trump, including the first phase of the China-US economic and trade agreement.
Based on the news released by many foreign media, the White House announced a few days ago that it will review and evaluate all measures related to national security signed by the former President Trump, including the first phase of the China-US economic and trade agreement.
In January 2020 , China and the United States signed the " China-US Phase One Economic and Trade Agreement, " which was personally finalized by the former US President Trump.
Local time on 1 Yue 29 , the US government will re-evaluate Biden Trump former president's national security measures, including the first phase of the Sino-US economic and trade agreement.
The current suspension of tariffs is more conducive to the export of American energy and chemical products, increasing the supply of specific products in the international market, and benefiting China's domestic steam cracking and propane dehydrogenation devices that use imported ethane and propane as raw materials.
China is one of the most important trading partners of the US chemical industry.
China is one of the most important trading partners of the US chemical industry.
With the recovery of the global economy, the concentration of China's chemical industry chain and the rich upstream and downstream supporting advantages will drive the demand for raw materials.
OlefinOlefin
From the perspective of the olefin industry chain, overall olefin derivatives are not highly dependent on US goods, and the results of the general election have limited impact on the overall trade structure.
From the perspective of the olefin industry chain, overall olefin derivatives are not highly dependent on US goods, and the results of the general election have limited impact on the overall trade structure.
Biden advocates strengthening the supervision of the shale oil industry, which may affect the output of light feedstock gas such as propane and ethane in the United States.
Biden advocates strengthening the supervision of the shale oil industry, which may affect the output of light feedstock gas such as propane and ethane in the United States.
PolyolefinPolyolefin
At present, the international crude oil market as a whole is consolidating within a range, and OPEC+'s firm attitude to cut production has always provided important support for the oil market.
At present, the international crude oil market as a whole is consolidating within a range, and OPEC+'s firm attitude to cut production has always provided important support for the oil market.
The U.
Chemical fiber related raw materialsChemical fiber related raw materials
With the support of the policy of "stabilizing foreign trade", China's textile and apparel exports have withstood the huge impact of the epidemic.
With the support of the policy of "stabilizing foreign trade", China's textile and apparel exports have withstood the huge impact of the epidemic.
Among them, textiles have achieved growth for 9 consecutive months since April , and clothing has reversed since August .
Thanks to the continuous improvement of consumer demand in overseas markets, the return of orders, and more importantly, the huge "magnetic attraction" formed by the stable supply chain system of the domestic textile industry, also reflects the deep adjustment and improvement of the development of my country's textile industry from one side.
Quality industrial practice.
Quality industrial practice.
Now that Sino-US relations have eased and the trade war has been suspended, it has opened a window of demand for the textile and apparel industry, and price increases are expected!
Now that Sino-US relations have eased and the trade war has been suspended, it has opened a window of demand for the textile and apparel industry, and price increases are expected!Affected by various factors such as the rise of basic chemical raw materials, the price of dye intermediates continues to rise, and the prices of core intermediates are as follows:
Affected by various factors such as the rise of basic chemical raw materials, the price of dye intermediates continues to rise, and the prices of core intermediates are as follows:
It is understood that Bayi Chemical, the largest nitrochlorobenzene company in China, was sealed off by the Bengbu Emergency Management Bureau and imposed administrative penalties.
Nitrochlorobenzene is an important intermediate for dyes, pesticides and pharmaceuticals.
The domestic annual production capacity of nitrochlorobenzene is 830,000 tons, and Bayi Chemical has an annual production capacity of 320,000 tons, accounting for 39% of its output , ranking first in the industry.
P-Nitrochlorobenzene is the main raw material of anisole and reduction products, which will affect the production cost of Disperse Blue HGL and Disperse Black ECT .
After the closure of the old Bayi chemical plant and before the start of the new plant, the downstream series of nitrochlorobenzene products will be operated in the high price range.
Nitrochlorobenzene is an important intermediate for dyes, pesticides and pharmaceuticals.
The domestic annual production capacity of nitrochlorobenzene is 830,000 tons, and Bayi Chemical has an annual production capacity of 320,000 tons, accounting for 39% of its output , ranking first in the industry.
P-Nitrochlorobenzene is the main raw material of anisole and reduction products, which will affect the production cost of Disperse Blue HGL and Disperse Black ECT .
After the closure of the old Bayi chemical plant and before the start of the new plant, the downstream series of nitrochlorobenzene products will be operated in the high price range.
With the support of costs and demand, the increase in dyeing fees also seems reasonable.
After the Spring Festival, the market may usher in an increase in dyeing fees caused by dyes.
Traders should take into account the possible changes in dyeing fees when quoting customers.
After the Spring Festival, the market may usher in an increase in dyeing fees caused by dyes.
Traders should take into account the possible changes in dyeing fees when quoting customers.
Chemical fiber polyester
Chemical fiber polyesterChemical fiber polyester Biden's election may ease my country's trade measures, which will provide a respite for textile and apparel exports.
my country is the largest country in textile production and export.
my country is the largest country in textile production and export.
In recent years, the pressure on China's clothing exports has increased.
Although China has entered a period of adaptation to the trade war in the past two years, its share in major international consumer markets has shown a declining trend.
In 2019 , the proportion of China's clothing in the U.
S.
import market has dropped to 29.
7 % , A decrease of 9.
5 percentage points.
Although China has entered a period of adaptation to the trade war in the past two years, its share in major international consumer markets has shown a declining trend.
In 2019 , the proportion of China's clothing in the U.
S.
import market has dropped to 29.
7 % , A decrease of 9.
5 percentage points.
In the current complex international political and economic situation, the textile industry still has to continuously increase international cooperation to oppose geopolitical de-globalization.
At the same time, we must follow the market orientation, continue to promote transformation and upgrade, increase the proportion of domestic sales, to achieve the main line of meeting domestic demand, and stabilize the export share as the auxiliary development direction to reduce the negative impact of external environmental changes.
At the same time, we must follow the market orientation, continue to promote transformation and upgrade, increase the proportion of domestic sales, to achieve the main line of meeting domestic demand, and stabilize the export share as the auxiliary development direction to reduce the negative impact of external environmental changes.
Polyurethane
PolyurethanePolyurethane In the polyurethane industry, since the Sino-US trade war, the terminal home furnishing exports of the polyurethane industry have suffered heavy losses, forcing some companies to relocate to Southeast Asia.
However, the road to relocation is currently not smooth.
In terms of raw materials, China's dependence on polyurethane raw materials has gradually declined, and MDI in particular has a greater export advantage.
However, the road to relocation is currently not smooth.
In terms of raw materials, China's dependence on polyurethane raw materials has gradually declined, and MDI in particular has a greater export advantage.
The export direction of soft foam materials is mainly in Southeast Asia, the Middle East and other regions.
In the medium and long term, the United States will not make major adjustments to its trade policy with China, so no matter who is elected, it will have no real impact on the domestic polyurethane industry.
At present, optimizing the supply of the domestic industrial chain, improving the supply of high-quality raw materials, and opening up new downstream applications are the direction of industrial development.
In the medium and long term, the United States will not make major adjustments to its trade policy with China, so no matter who is elected, it will have no real impact on the domestic polyurethane industry.
At present, optimizing the supply of the domestic industrial chain, improving the supply of high-quality raw materials, and opening up new downstream applications are the direction of industrial development.
Plasticizer
PlasticizerPlasticizer The election of Biden will greatly increase the possibility of Sino-US trade negotiations resuming, which will have positive expectations for domestic chemical products, especially foreign trade industries.
At present, the domestic economy is still in the process of recovery.
Under the dominance of internal circulation, economic growth is more dependent on the smooth flow of the domestic industrial chain and supply chain.
For example, the domestic butanol and plasticizer industrial chain corresponds to the terminal PVC product market, and its related application fields are automobiles and building materials.
Supported by the continuous release of domestic demand orders in the fourth quarter, the production and sales rate of raw material companies will continue to rise, and the overall industry consumption will continue to show a booming upward cycle.
At present, the domestic economy is still in the process of recovery.
Under the dominance of internal circulation, economic growth is more dependent on the smooth flow of the domestic industrial chain and supply chain.
For example, the domestic butanol and plasticizer industrial chain corresponds to the terminal PVC product market, and its related application fields are automobiles and building materials.
Supported by the continuous release of domestic demand orders in the fourth quarter, the production and sales rate of raw material companies will continue to rise, and the overall industry consumption will continue to show a booming upward cycle.
PVC
PVC PVC The outcome of the US election directly affects the economy and foreign trade policy.
From the perspective of the import and export situation of the PVC market, according to data , since 2020 , the import and export of PVC accounted for 2%-10% of the total domestic output .
Therefore, the import and export of PVC resources accounted for a relatively small proportion, of which the export volume It only accounts for about 2%-5% of domestic production .
From the perspective of the import and export situation of the PVC market, according to data , since 2020 , the import and export of PVC accounted for 2%-10% of the total domestic output .
Therefore, the import and export of PVC resources accounted for a relatively small proportion, of which the export volume It only accounts for about 2%-5% of domestic production .
In addition , the main PVC export countries are mainly developing countries such as Southeast Asia and Africa.
The export volume to the United States is very small, or even negligible.
In terms of imports, China imports a relatively high amount of PVC from the United States , with the highest proportion.
Up to about 40% .
The export volume to the United States is very small, or even negligible.
In terms of imports, China imports a relatively high amount of PVC from the United States , with the highest proportion.
Up to about 40% .
However, due to the small share of total imports in total domestic production, coupled with the continuous commissioning of new domestic production capacity, it is not ruled out that the proportion of domestic imported resources next year may continue to decline.
Therefore, even Sino-US trade relations will experience friction again.
, The impact on the overall PVC market is relatively small.
Therefore, even Sino-US trade relations will experience friction again.
, The impact on the overall PVC market is relatively small.
Aromatics
AromaticsAromatics Styrene imports account for a relatively large proportion.
China has dumping duties on the United States, and imports from the United States are not large.
In terms of downstream PS and ABS , the United States accounts for a small proportion of the importing countries.
China has dumping duties on the United States, and imports from the United States are not large.
In terms of downstream PS and ABS , the United States accounts for a small proportion of the importing countries.
The impact on styrene is more transmitted from the downstream products refrigerators and washing machines to the supply side.
For products with rigid demand, tariffs have little effect on them, and may be transmitted from the downstream profit reduction to the raw material end.
That is to say, during the production period of styrene, the supply is loose, then its profit will be compressed.
It will take at least two months for the impact of the US general election on styrene to be transmitted .
For products with rigid demand, tariffs have little effect on them, and may be transmitted from the downstream profit reduction to the raw material end.
That is to say, during the production period of styrene, the supply is loose, then its profit will be compressed.
It will take at least two months for the impact of the US general election on styrene to be transmitted .
It can be predicted that, in the context of the easing of Sino-US relations, consumer demand for more products will be stimulated.