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Insight | Time: May 14 2019 1:29PM
PIY export to be affected on intensified Sino-US trade conflict
 
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According to the Customs, China polyester industrial yarn (Hs code: 54022000) export volume totaled to around 109,156 mt in Jan-Mar, 2019, down 5.78% year on year. PIY export amounted to 458,256mt in 2018, down by 0.53% on the year.



Exports of major polyester products to US were shown in the below chart:



As for the major export destinations for PIY, US ranked the first in recent five years, with market share at 13% and 25% respectively in Q1 2019 and 2018. Export of PIY to US amounted to 13,778mt in Jan-Mar, 2019, down by 54% on the year. Total PIY export amounted to 460kt in 2018, and export to US possessed 115kt.


However, U.S. Customs and Border Protection has stated officially today that US will raise tariffs on $200 billion worth of Chinese imports from 10 percent to 25 percent from May 10, 2019, and PIY was included in the list; thus, export of PIY is likely to be affected from policy issue if there is no improvement in Sino-US trade talk.

You can find more data about the PIY import and export from Statistics column

[RISK DISCLAIMER] All opinions, news, analysis, prices or other information contained on this report is provided by analyst of Zhejiang Huarui Information Consulting Co., Ltd (CCFGroup) as general market commentary and does not constitute investment advice. CCFGroup will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
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