The latest statistics on import and export published by the China Petroleum and Chemical Industry Association show that in the first three quarters, the total export volume of the chemical industry fell by 30.2% year-on-year. Sun Weishan, deputy secretary-general of the Petrochemical Association, said in an interview with CCIN reporters yesterday that the demand in the international market is still relatively weak, coupled with the increase in trade frictions in the recent period. Judging from the current situation, the total export volume of the industry is expected to drop by 25% year-on-year this year. about.
The petrochemical association analysis pointed out that due to the financial crisis, the international market trade volume decreased. More importantly, the rise of international trade protectionism has made the export situation of the chemical industry more severe.
In the first nine months of this year, the export of inorganic chemical raw materials dropped by 46.6% year-on-year, the export of chemical fertilizers dropped by 56.5%, the export of pesticides dropped by 34.6%, the export of synthetic materials decreased by 33.4%, and the export of rubber products decreased by 30.3%. The petrochemical association stated that although in September the import and export trade of the chemical industry rebounded significantly and the recovery rate of imports was much higher than that of exports, some industries were affected by the financial crisis and there was no obvious increase in demand.
Take urea export as an example. According to statistics, in the first three quarters, the export of urea was 2.0456 million tons, a year-on-year drop of 52%; the export amount was about 552 million US dollars, a year-on-year drop of 65%. According to the statistics of the Huangpu Customs, the export of tires from Guangdong declined due to the impact of the Sino-US tire special protection case. In particular, it is worth noting that the first round of Guangdong tire exports in September fell sharply to nearly 60%.
The Ministry of Commerce disclosed that after the financial crisis, some countries and regions have stimulated the economy to recover as quickly as possible by expanding exports. They have even increased their competitiveness through the devaluation of the local currency and increased subsidies in various forms, resulting in further rise of trade protectionism. At present, 35% of global anti-dumping investigations and 71% of countervailing investigations target Chinese exports.
According to incomplete statistics, as of the end of September, China's chemical industry has suffered 18 cases of trade friction this year, more than the number of cases last year. Among them, there were 8 newly initiated anti-dumping investigations, 3 anti-dumping investigations, 1 anti-subsidy case, and 6 safeguards. The international trade friction against China's chemical products has expanded frequently, making the already severe export situation in the chemical industry worse.
According to CCIN reporters, from November 1st, chemical fertilizers and some other industries began to implement the off-season export tariff policy. The relevant companies are now ready and hope to make a final move before the end of this year to change the passive situation of exports. However, some people in the industry said that with the policy still not enough, the key depends on market demand.
The petrochemical association analysis pointed out that due to the financial crisis, the international market trade volume decreased. More importantly, the rise of international trade protectionism has made the export situation of the chemical industry more severe.
In the first nine months of this year, the export of inorganic chemical raw materials dropped by 46.6% year-on-year, the export of chemical fertilizers dropped by 56.5%, the export of pesticides dropped by 34.6%, the export of synthetic materials decreased by 33.4%, and the export of rubber products decreased by 30.3%. The petrochemical association stated that although in September the import and export trade of the chemical industry rebounded significantly and the recovery rate of imports was much higher than that of exports, some industries were affected by the financial crisis and there was no obvious increase in demand.
Take urea export as an example. According to statistics, in the first three quarters, the export of urea was 2.0456 million tons, a year-on-year drop of 52%; the export amount was about 552 million US dollars, a year-on-year drop of 65%. According to the statistics of the Huangpu Customs, the export of tires from Guangdong declined due to the impact of the Sino-US tire special protection case. In particular, it is worth noting that the first round of Guangdong tire exports in September fell sharply to nearly 60%.
The Ministry of Commerce disclosed that after the financial crisis, some countries and regions have stimulated the economy to recover as quickly as possible by expanding exports. They have even increased their competitiveness through the devaluation of the local currency and increased subsidies in various forms, resulting in further rise of trade protectionism. At present, 35% of global anti-dumping investigations and 71% of countervailing investigations target Chinese exports.
According to incomplete statistics, as of the end of September, China's chemical industry has suffered 18 cases of trade friction this year, more than the number of cases last year. Among them, there were 8 newly initiated anti-dumping investigations, 3 anti-dumping investigations, 1 anti-subsidy case, and 6 safeguards. The international trade friction against China's chemical products has expanded frequently, making the already severe export situation in the chemical industry worse.
According to CCIN reporters, from November 1st, chemical fertilizers and some other industries began to implement the off-season export tariff policy. The relevant companies are now ready and hope to make a final move before the end of this year to change the passive situation of exports. However, some people in the industry said that with the policy still not enough, the key depends on market demand.
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