Group 1 - The US has canceled 91% of additional tariffs, and China has reciprocated with a 91% cancellation of counter-tariffs, benefiting both producers and consumers in both countries [2][3] - The petrochemical industry is expected to see significant benefits from the tariff adjustments, as costs for importing crude oil, LNG, and other chemical raw materials from the US will decrease, leading to lower production costs [3] - The reduction in tariffs is likely to enhance the price competitiveness of Chinese petrochemical products in the US market, potentially increasing exports and alleviating production pressure on certain chemical products [3] Group 2 - A "rush to ship" is anticipated as foreign trade companies compete for a 90-day buffer period to stock up on goods, leading to a potential increase in shipping rates from May to July [4] - The total export value of China's chemical products is projected to be approximately $370.7 billion in 2024, with exports to the US accounting for about $44.6 billion, representing 12.03% of total exports [4] - The easing of tariffs is expected to stabilize agricultural input prices in the US, which have been negatively impacted by previous tariff policies [4] Group 3 - Companies are actively seizing the opportunity presented by the tariff adjustments, with specific mentions of increased export potential for certain products like acetamiprid and lithium batteries [5] - The tariff adjustments are seen as providing a relatively stable overseas trade environment for solar and energy storage products, with ongoing projects in the Middle East expected to enhance global supply capabilities [5] - The recent tariff changes are viewed as a temporary relief for the Chinese chemical industry, with companies advised to monitor future negotiations and adapt their strategies accordingly [5]
我国石化产业迎出口利好
Zhong Guo Hua Gong Bao·2025-05-19 02:25