Shenzhen Meitong Chuanghe Supply Chain Technology Co., Ltd.’s Post

China opens war front in halo butyl rubber trade "Amidst the anti-dumping war with Western powers, China is tightening screws on imports of halogenated butyl rubber to the country from these powers, as well as Asian entities Japan, India, and Singapore." 🌱 Highlights of this Market Insight: • ADD slapped on the US, the EU, the UK, and Singapore imports • ADD probe initiated against Canada, Japan and India • Russia to be a major beneficiary of the measures #naturalrubber #rubberindustry #commodities #commoditytrading #china #malaysia #indonesia #thailand #vietnam #liberia #india #ivorycoast #africa #srilanka #cambodia #USA #EU #EUDR #tires #tyre #automotive #EV #electricvehicles #sustainability #ESG

The U.S. International Trade Commission (USITC) today determined that a U.S. industry is not materially injured or threatened with material injury by reason of imports of aluminum extrusions from China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates, and Vietnam that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value, and subsidized by the Governments of China, Indonesia, Mexico, and Turkey. #aluminiumextrusion #antidumpingaluminiumextrusion #aluminium #anodizingaluminium #powdercoatingaluminium https://lnkd.in/d5euVrTF

Finally, "the U.S. International Trade Commission (USITC) determined that a U.S. industry is not materially injured or threatened with material injury by reason of imports of aluminum extrusions from China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates, and Vietnam that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value, and subsidized by the Governments of China, Indonesia, Mexico, and Turkey". This is good news for International Trade and confirms that the US economy must remain open to the import of aluminum extrusions from outside the country. This decision will also help local extruders improve their services, quality, technology and competitiveness in their large market, as many European extruders did decades ago. And above all, it will benefit the American end consumer who will not have to pay more for a product that contains extruded aluminum, which will improve the country's own economy.

🇺🇸 U.S. Final Decision: Significant Tariff Increase on Chinese Imports 🇨🇳 📢 Breaking News from PUdaily: On September 13, 2024, the U.S. Trade Representative (USTR) announced a substantial increase in tariffs on goods originating from China. This decision reflects the proposed changes from earlier this year, aimed at "strengthening the protection of strategic industries" in the U.S. 🇺🇸🔧 Starting September 27, 2024, the following tariff hikes will be implemented: 100% on Electric Vehicles 🚗⚡️ 50% on Solar Cells & Wafers ☀️🔋 25% on Masks, Syringes, Needles, Critical Minerals, Steel, and Aluminum 🩹💉🔩 These measures, outlined in the USTR's official modification notice, also introduce new tariff categories for polysilicon and silicon wafers used in solar panels. 📝🔍 USTR believes these adjustments will mitigate the impact of Chinese policies on U.S. businesses and individuals, diversify import channels, and enhance the resilience of the U.S. supply chain. 📦🌐 Stay tuned for more updates! #PUdaily #TariffUpdate #USTrade #SupplyChainResilience #TechTransfer

🌐 𝗔𝗻𝘁𝗶 𝗗𝘂𝗺𝗽𝗶𝗻𝗴 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻𝘀 𝗼𝗻 𝗛𝗮𝗹𝗼𝗴𝗲𝗻𝗮𝘁𝗲𝗱 𝗕𝘂𝘁𝘆𝗹 𝗥𝘂𝗯𝗯𝗲𝗿 𝗳𝗼𝗿 𝗘𝘅𝗽𝗼𝗿𝘁𝘀 𝗳𝗿𝗼𝗺 𝗜𝗻𝗱𝗶𝗮 𝘁𝗼 𝗖𝗵𝗶𝗻𝗮 🚨 The Ministry of Commerce of the 𝗣𝗲𝗼𝗽𝗹𝗲’𝘀 𝗥𝗲𝗽𝘂𝗯𝗹𝗶𝗰 𝗼𝗳 𝗖𝗵𝗶𝗻𝗮 has initiated an 𝗮𝗻𝘁𝗶-𝗱𝘂𝗺𝗽𝗶𝗻𝗴 𝗶𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻 concerning imports of 𝗵𝗮𝗹𝗼𝗴𝗲𝗻𝗮𝘁𝗲𝗱 𝗯𝘂𝘁𝘆𝗹 𝗿𝘂𝗯𝗯𝗲𝗿 𝗼𝗿𝗶𝗴𝗶𝗻𝗮𝘁𝗶𝗻𝗴 𝗳𝗿𝗼𝗺 Canada, Japan, and 𝗜𝗻𝗱𝗶𝗮. This decision follows a formal application submitted by Zhejiang Xinhui New Materials Co., Ltd. on behalf of China’s domestic halogenated butyl rubber industry. 🔍 𝗞𝗲𝘆 𝗛𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝘀: 1️⃣𝗕𝗮𝗰𝗸𝗴𝗿𝗼𝘂𝗻𝗱: On September 14, 2024, the Ministry of Commerce announced the initiation of an anti-dumping investigation into halogenated butyl rubber imports from India, Japan, and Canada. This investigation is driven by concerns raised by the Chinese industry regarding the impact of these imports on the domestic market. 2️⃣𝗦𝗰𝗼𝗽𝗲 𝗼𝗳 𝗜𝗻𝘃𝗲𝘀𝘁𝗶𝗴𝗮𝘁𝗶𝗼𝗻: The investigation will scrutinize the impact of these imports on China’s domestic industry, including price suppression, price undercutting, and overall market share disruption. 3️⃣𝗜𝗺𝗽𝗹𝗶𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝗜𝗻𝗱𝗶𝗮𝗻 𝗘𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀: Indian exporters of halogenated butyl rubber need to prepare for potential implications, such as the imposition of anti-dumping duties. This could impact the competitiveness of Indian products in the Chinese market. 4️⃣𝗔𝗰𝘁𝗶𝗼𝗻 𝗣𝗹𝗮𝗻: Indian companies are advised to closely monitor the developments of this investigation and engage proactively with legal and trade experts. Exporters should also consider exploring alternative markets and diversifying their export portfolios to mitigate risks. 📊 𝗪𝗵𝗮𝘁’𝘀 𝗡𝗲𝘅𝘁? As this investigation unfolds, it will be crucial for stakeholders in the rubber industry to stay informed and responsive to any regulatory changes. Collaboration with industry bodies and trade associations will be vital in addressing any challenges that may arise from this investigation. #TradeRegulations #ButylRubber #IndiaExports #AntiDumping #ADD #GlobalTrade #Tradecompliance #MOC #CII #FICCI #Customs #CBIC #DGFT #FIEO #Rubberindustry #MOF

Finally, "the U.S. International Trade Commission (USITC) determined that a U.S. industry is not materially injured or threatened with material injury by reason of imports of aluminum extrusions from China, Colombia, Ecuador, India, Indonesia, Italy, Malaysia, Mexico, South Korea, Taiwan, Thailand, Turkey, United Arab Emirates, and Vietnam that the U.S. Department of Commerce (Commerce) has determined are sold in the United States at less than fair value, and subsidized by the Governments of China, Indonesia, Mexico, and Turkey". This is good news for International Trade and confirms that the US economy must remain open to the import of aluminum extrusions from outside the country. This decision will also help local extruders improve their services, quality, technology and competitiveness in their large market, as many European extruders did decades ago. And above all, it will benefit the American end consumer who will not have to pay more for a product that contains extruded aluminum, which will improve the country's own economy. https://lnkd.in/diHA-RGJ

In the second half of 2023, Taiwan's import volume of ferrosilicon (Si≥55%) was 5,764.00 metric tons, compared with 6,744.00 metric tons in the same period of 2022 and 5,524.00 metric tons last month, a year-on-year decrease of 14.53% and a month-on-month increase of 4.34%.In 2023, Taiwan, China, imported a total of 49,364.00 metric tons of ferrosilicon (Si>55%), compared with 54,591.00 metric tons in the same period last year, a year-on-year decrease of 9.57%.   The main importing countries of Taiwan's ferrosilicon are 1: China 2: Norway 3: Brazil. When the mainland lifted its blockade in early 2023, it also encountered the credit crisis of European and American banks and the serial debt defaults of China's large state-owned real estate developers. In addition, the lack of control over crude steel in mainland China and the weak steel demand have triggered a flanking attack between strong supply and weak demand. In addition, frequent geopolitical risks, and the upcoming presidential election in 2024 at the end of the year have directly led to the continuous delay in the recovery of the steel market! Due to the upcoming general election in 2023, Taiwan's leading steel mills (Sinosteel, Huaxin, Tang Rong, Rong Gang, Yelian, Fengxing), which have been subject to economic sanctions from the mainland, have to turn their procurement focus to the pro-American "Brazil & Norway" In order to replace the risk of insufficient supply, various global economic crises and geopolitical issues between the two sides of the Taiwan Strait have led to a certain significant decline in Taiwan's hot and cold rolling production in 2023.

𝗝𝗮𝗽𝗮𝗻 𝗺𝗮𝘆 𝘁𝗮𝗸𝗲 𝗮𝗰𝘁𝗶𝗼𝗻 𝘁𝗼 𝗿𝗲𝘀𝗽𝗼𝗻𝗱 𝘁𝗼 𝗖𝗵𝗶𝗻𝗮'𝘀 𝗴𝗿𝗼𝘄𝗶𝗻𝗴 𝘀𝘁𝗲𝗲𝗹 𝗲𝘅𝗽𝗼𝗿𝘁𝘀, 𝗺𝗶𝗻𝗶𝘀𝘁𝗿𝘆 𝗼𝗳𝗳𝗶𝗰𝗶𝗮𝗹 𝘀𝗮𝘆𝘀 by Reuters via ET Infra The Japanese #government may take #tradeaction if needed in response to growing steel #exports from #China, the world's biggest steel #producer, an official at Japan's industry ministry said on Thursday. "We are concerned that in many cases Chinese #steel is being exported at significantly low #prices, affecting global #supply and #demand as well as #pricing," Manabu Nabeshima, director of the metal industries division at the Ministry of Economy, Trade and Industry (#METI), told a news #conference. "At this point, we have not decided on any specific immediate #action, but we believe we need to take #measures in a swift manner, if necessary," he said, hinting at potential measures permitted under World Trade Organization (#WTO) rules. The article and the details are at the below link: https://lnkd.in/dDVdgjKN

#Export #Import #Logistics #News 11th Oct, Friday ① CITIC Securities: my country's export growth rate is expected to decline slightly from September to December, and a small positive growth may be achieved throughout the year. ② From January to August, Jiangsu Province exported 69.27 billion yuan of various ships, and its export scale continued to rank first in China. ③ Brazil made a preliminary anti-dumping ruling on Chinese atomizers and tin-plated chrome-plated coils. ④ The United States made a preliminary anti-subsidy ruling on alkyl phosphates imported from China. ⑤ Colombia made a final anti-dumping ruling on Chinese aluminum extrusions. ⑥ Hapag-Lloyd raised rates from Asia to Latin America. ⑦ The US tariff stick hit Southeast Asian solar cells, and the preliminary results of the photovoltaic subsidies of four Southeast Asian countries were announced. ⑧ The price of Korean cabbage has risen sharply, and it is importing Chinese cabbage at a scale of 200 tons per week. ⑨ Chinese beauty brands are rising globally, and Southeast Asia has become the preferred market for going overseas. ⑩ The Brazilian toy market has broad prospects and is expected to grow by more than 42% in the next five years. All subsequent space can only be known after booking.

China Launches Anti-Dumping Probe on U.S., EU, Japan, Taiwan Thermoplastics China has initiated an anti-dumping investigation targeting thermoplastic imports used in automotive and electronics from the U.S., EU, Japan, and Taiwan. The probe, focused on polyoxymethylene copolymers, is expected to conclude within a year, with a possible six-month extension. This move seems to be a response to the EU's investigation into alleged unfair trade practices by Chinese firms. Last week, the U.S. significantly increased tariffs on Chinese goods, including electric vehicles, steel, aluminum products, and solar cells, affecting $18 billion worth of imports. Meanwhile, EU leaders are contemplating imposing high tariffs on Chinese-made electric vehicles and wind turbines under a new anti-subsidy law, potentially closing off a vital market for China. #TradeWars #China #Tariffs #GlobalEconomy #USChinaRelations #EUTrade #AntiDumping