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Global Coatings Network News: In the face of unreasonable sanctions imposed by the United States, Canada, the European Union and other countries, China's approach is: double anti-sanctions!
Double counter sanctions!
Counter sanctions against the 27EU countries! Intensified market shortages!
27
Recently, the Ministry of Foreign Affairs website published " Foreign Ministry spokesman announced that China's relevant agencies and personnel to the EU to impose sanctions ," the news.
The Chinese government is unwavering in its determination to defend national sovereignty, security, and development interests.
China has decided to impose sanctions on 10 persons and 4 entities that have seriously harmed China’s sovereignty and interests and maliciously spread lies and false information on the European side , including: Member of the European Parliament Petty Koffel, Geller, Glucksman, Ku Chuk, Lexman, Dutch parliament member Scherzma, Belgian parliament member Kograti, Lithuanian parliament member Sakariene, German scholar Zheng Guoen, Swedish scholar Ye Biyang, European Council Political and Security Committee, European Parliament Human Rights Subcommittee, German Mercator Center for Chinese Studies, Danish Democratic Alliance Foundation.
Relevant personnel and their family members are prohibited from entering the mainland of China and the Hong Kong and Macao Special Administrative Regions.
They and their affiliated companies and institutions have also been restricted from communicating with China .
10 persons and 4 entities 10 4 Relevant persons and their families are prohibited from entering Mainland China and Hong Kong and Macau Special Administrative Regions.
They and their affiliated companies and institutions have also been restricted from communicating with China
China's chemical market far exceeds Europe and the United States! Accounted for 37% of the world ! ?
37%
There are many famous chemical companies in the EU, such as BASF, Arkema, DSM, Bayer, LANXESS, etc.
, covering basic chemicals, specialty chemicals and consumer chemicals.
BASF, Arkema, DSM, Bayer, LANXESS
Now that the EU is sanctioned, the trade of some companies may be restricted.
The shortage of raw materials may be difficult to improve.
The shortage of raw materials may be difficult to improve.
The German Chemical Industry Association dropped from 32% to 15%.
China is the world’s largest chemical producer, accounting for 37% of global chemical sales .
This incident may seriously affect the import of many high-end products, especially the chemical industry.
Many products in my country's chemical industry are also dependent on imports, such as high-end titanium dioxide, certain pigment products and upstream chemical raw materials.
Among the 27 EU countries sanctioned this time, dozens of chemical companies are included.
For example, specialty chemicals companies Lanxess, Solvay, and Rhodia, resin companies DSM and Arkema, coating companies Akzo Nobel and BASF, polyethylene and polypropylene companies Borealis, and adhesive technology companies Henkel, Silicone company Wacker Chemie, titanium dioxide company Connors, etc .
.
27 ……
There is a large gap in the supplyof paraxylene ( PX ) in China , and the required products have to be imported in large quantities.
my country is the world's largest methanol production, marketing and import country, and changes in supply and demand margins and trade changes have a profound impact on my country's methanol price.
my country is the world's largest demand for ethylene glycol, and the Middle East has abundant petroleum resources and extremely low cost.
It is also an important producer of ethylene glycol.
The demand for ethylene glycol in the region is close to zero, and its dependence on external sources is high.
.
my country is a major importer of styrene.
In recent years, the number of large-scale production enterprises engaged in the production of styrene in my country is relatively small.
As a result, the market supply is still unable to meet the increasing domestic consumer demand, and the market has a high dependence on imported products.
In the second half of 2020, with the effective control of the epidemic, the domestic propylene demand gap has widened, downstream buyers' enthusiasm for inquiries about imported sources has rebounded, and the import volume has returned to its peak.
In the titanium dioxide industry, although China's titanium dioxide production capacity accounts for about half of the world's, my country lacks high-grade rutile and high-titanium slag, and the raw materials for high-end chlorinated titanium self-powder mainly rely on imports.
Although my country's organic pigment industry is gradually improving, and the proportion of global organic pigment production continues to increase, at present, domestic traditional organic pigment products are fully competitive, and high-performance products rely on imports.
*Source: Xingyuan Research
This time Europe and the United States have joined forces in sanctions, and they will only suffer.
Due to the economic recession in Europe, domestic demand has decreased.
30% of Europe 's chemical products are exported abroad , and more than 155 billion euros ( 1.
2 trillion yuan) of revenue comes from the Asian region.
But with the rise of China's local chemical companies, the European Union lost its dominance of the Asian market.
With the sanctions storm, the EU may lose a large share of China's market.
30% of chemical products are exported abroad 155 billion euros (equivalent to 1.
2 trillion yuan).
With the sanctions storm, the EU may lose a large share of China's market.
