Insight
Trade War Tremors: How US-China tariffs reshape the petrochemical landscape
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The recent tariff impositions by both the US and China are reshaping the global petrochemical landscape. We expect these tariffs to lead to higher prices for affected commodities in China, impacting domestic feedstock demand and petrochemical production. Tariffs are likely to result in less-efficient supply chains and additional delays in capital expenditure decisions. This could result in higher production costs in China and reduced competitiveness for US petrochemical producers into that market. On 7 April, Donald Trump threatened to add an additional 50% to tariffs on Chinese goods if China does not withdraw the 34% tariffs on all US imports it announced on 4 April. China hasn’t responded by the writing date of 8 April. We believe that there will be tariff uncertainty, as China and the United States are likely to have a series of twists and negotiations, which impacts costs of production, supply and demands, so short-term market volatility is inevitable.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Middle East Scenarios: Steel and Iron Ore
Middle East conflict scenarios: higher costs, shifting steel trade and a capped iron ore price outlook.
$1,050
Insight
From alloys to batteries: how US tariffs are reshaping the cobalt value chain
Our analysis on the impacts of US tariffs on the cobalt value chain.
$1,050
Insight
Return of Venezuelan barrels: assessing scenarios for supply and refining
How could different Venezuela upstream scenarios affect global oil and refining markets?
$1,350
