Since Trump was elected President of the United States, trade frictions between the two countries have escalated directly into “war”. After the first trade war between China and the United States imposed tariffs on each other, the United States decided to impose a 25% tariff on 16 billion US dollars of Chinese imports to the United States from August 23. In order to safeguard its legitimate rights and interests and the multilateral trading system, China has to make the necessary counter-measures and decide to impose a 25% tariff on the imports of $16 billion from the United States, which will be implemented simultaneously with the United States.
With the escalating trade war between China and the United States, the rubber and tyre industries downstream of carbon black have become a common practice. Because the tire export has been repeatedly “double reverse” for ten years, the main varieties are affected. Due to repeated shocks from “double-reaction” surveys, the structure of tire exports to the United States has gradually shrunk, from 24% to 15% in 2009-2011 and from 21% to 12% in 2014-2017, with the greatest increase and decrease in the number of tires used for motor buses. As a frequent customer of trade frictions, the tire industry, especially the tire products enterprises exporting to the United States, will be a severe winter, when China will have a large number of tires unable to enter the United States market. In retaliation, petrochemical products and various vehicles are included in the tax list of the products levied on the United States, which will cause serious damage to the pillar industries of the United States, such as energy and automobiles.
This year, along with rising profits, the capacity of Chinese carbon black enterprises has been continuously expanding. Jinneng Science and Technology signed an agreement with Qingdao West Coast New Area Management Committee to invest in a new 8X60,000 tons/year green carbon black recycling project; Baohua Carbon Black Project in Suzhou started construction on Zhanjiang East Sea Island; Anlun Chemical Company put into operation two new 50,000 tons/year hard carbon black production lines. By the end of this year or early next year, the plant will continue to expand its total capacity to 450,000 tons per year, making it the largest carbon black production base in the world.
It is estimated that the annual composite growth rate of global carbon black market will be 8.4% between 2018 and 2021. Strong growth in the carbon black industry is driven by surging demand in the tire and rubber industries. The shift from commodity carbon black to more specialized carbon black will have a positive impact on the overall market growth.