How much will China-US trade war influence on PSF export semi-virgin

Global market saw “black swan” previously. The US president Trump announced to impose additional tariffs suddenly. After that, wild fluctuation happened to stocks, commodity and other derivatives, especially financial market. The US formally raised tariffs on $200 billion worth of Chinese imports from 10% to 25% as of May 10, including chemicals.

So how will it impact PSF export?

From the chart below it can be seen that the exports of Chinese PSF to the US took up a large share. In 2018, those to US ranked the first with a share of 16%. Theoretically, the escalated trade war should have had significant influences on PSF export, but in fact, it was much smaller than expected. According to downstream market, traders showed obvious concerns as soon as the news released in May, but there was no large change in their operation. So the news may just have more impacts on market players’ mindset. In short run, traders may consider trading environment more deeply, such as the currency stability of trading countries and other risks about geopolitics. But at present, Chinese PSF has obvious advantages.