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What are the reasons for the soaring plastic prices after the festival?

 Last Update: 2022-08-24
 Source: Internet
 Author: User

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After the festival, the prices of various plastic raw materials have been skyrocketing, especially ABS, PA66 and PC

1.
Trump's recovery sparks oil price hikes

On October 2, it was reported that U.
S.
President Trump was diagnosed with the new crown, the global market plummeted, and the market was bearish

2.
Worker strikes and hurricanes

International oil prices fell on Friday, mainly due to the end of the Norwegian oil workers' strike, and the market expected a boost in production

3.
China levies anti-dumping duties on the United States

The third reason is that the Commerce Department levies anti-dumping duties on the United States

According to Article 48 of the Anti-dumping Regulations of the People's Republic of China, the Ministry of Commerce has decided to conduct expiry review of the anti-dumping measures applicable to imported polyamide-6,6 chips originating in the United States from October 13, 2020 investigate

According to the suggestion of the Ministry of Commerce, the Customs Tariff Commission of the State Council has decided that during the period of the expiry review investigation of anti-dumping measures, the imported polyamide-6,6 chips originating in the United States will continue to be taxed in accordance with the scope of taxable products announced by the Ministry of Commerce Announcement No.
79 of 2009.
and anti-dumping duties

1.
Ascend PerformanceMaterials LLC: 31.
4%

2.
INVISTA LLC: 25.
2%

3.
Other US companies: 37.
5%

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