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China may re-open for US polyolefins
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Trade Publication Article
China may re-open for US polyolefins
2020
Overview
China's arbitrage window for US polyolefin imports may reopen on the tariffs exemptions announced by the country's state council, although its impact on the market may be felt in the long term only. Domestic firms in China that intend to purchase and import relevant listed US goods can submit an exemption application after 2 March. Once approved, China will not impose any additional tariffs against the Section 301 trade measure for a period of one year--though there are certain conditions on volume and monthly imports. High density polyethylene, linear low density PE and polypropylene homopolymers are included in the list, with all three subject to an additional 27.5% tariff. China will purchase and import from the US at least $18.5 billion in 2020 and $33.9 billion in 2021 of energy products.
Publisher
Reed Business Information UK
Subject
