Trade Information

High-end polyolefins, often referred to as the 'soft gold' of plastics, have seen surging demand in recent years, driven by the rapid development of industries such as new energy vehicles and photovoltaics.

Food allergies have become increasingly common, driven by advancements in diagnostic technologies, heightened awareness, and shifts in dietary and food processing practices affecting immune systems.

Looking ahead to 2025, global economic growth is expected to remain stable but with widening disparities across regions. Inflation is projected to continue its downward trajectory, while labor markets are expected to remain relatively stable.

The China-Maldives Free Trade Agreement (FTA) will officially take effect on January 1, 2025, enabling over 95% of traded goods between the two countries to eventually benefit from zero tariffs.

Its implementation is expected to unlock the potential for enhanced cooperation in services trade and investment, advancing the forward-looking, high-quality partnership between China and Singapore.

Effective January 1, 2025, the Plan aims to increase imports of high-quality products, boost domestic demand, advance high-level opening-up, and contribute to high-quality economic development.

The European Parliament recently passed a resolution concerning Hong Kong, with an overwhelming vote of 473 to 23.

On December 27, Sun Xiao, spokesperson for the China Council for the Promotion of International Trade (CCPIT), released the October Global Trade Friction Index.

Russian President Vladimir Putin announced during the informal summit of heads of state of the Commonwealth of Independent States (CIS) held in Leningrad Oblast on December 25 that the economies of CIS countries are projected to grow by 4.7% in 2024.

In 2024, China's titanium dioxide market was marked by a tug-of-war between supply-demand dynamics and production costs, resulting in a price trend that rose initially before declining later in the year.

As the year-end approaches, several foreign institutions are ramping up their efforts to expand in the Chinese market through business expansion and capital increases.

Amid ongoing international attention on the Russia-Ukraine conflict, the Council of the European Union approved its 15th sanctions package against Russia on December 16, 2024, under Council Decision (CFSP) 2024/3182.

Recent data released by Statistics Canada shows that the country's Consumer Price Index (CPI) rose 1.9% year-on-year in November, slightly down from October's 2.0% inflation rate.

On the 15th, the United Kingdom officially joined the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), becoming the first European country to enter this trade pact.

According to the National Bureau of Statistics, China's economy maintained its recovery momentum in November, continuing the positive trend observed since September.

The Office of the United States Trade Representative (USTR) has announced a significant tariff increase on Chinese imports of solar wafers, polysilicon, and select tungsten products.

Maersk's first warehouse in France is now fully operational, located in the GLP Park Denain, one of Europe's key logistics hubs.

In December, Bisphenol A (BPA) prices in China have shown a consistent upward trend. As of now, BPA prices in East China range between 9,400–9,450 RMB/ton.

In the first 11 months of 2024, the total value of China's foreign trade of goods (hereinafter the same) was 39.79 trillion yuan.

For China's exporters, key questions emerge: How will tariffs be implemented? What does 2025 hold for global trade? And what will be the ripple effects across China's industries?

Coupled with the impacts of the global energy crisis and inflation, the competitiveness of overseas chemical production has further diminished, leading several global giants to cut back on polyester capacity.

BASF holds multiple industry-leading titles, such as being the largest global producer of antioxidants, TPU, PA66, PA6, and PBT. It is also the top supplier of automotive chemicals, dominating several specialized markets worldwide.

Year-over-year, exports surged by 15,100 tons, a growth rate of 66.81%. This marks the highest monthly export volume in 20 months.

Last Wednesday, EU member states approved the imposition of final antidumping duties on titanium dioxide (TiO2) imports from China.

The Interim Final Rule on Foreign Direct Product (FDP) and Advanced Computing and Semiconductor Manufacturing Controls and the Final Rule on Entity List Additions, Modifications, and Deletions.

According to the notice, the export of dual-use items to military users or for military purposes in the United States is prohibited.

Due to significant delays at Port Louis caused by infrastructure inefficiencies and severe weather conditions, Maersk will impose a Congestion Fee (CFD) on shipments to Mauritius.

U.S. President-elect Donald Trump's proposed 25% tariff on imports from Canada and Mexico has raised alarms among alcohol distributors.

Last week, China's national railways transported a total of 81.035 million tons of cargo, marking a 1.08% week-on-week decrease.

The government hopes this transformation will encourage local companies to invest in profitable products and pursue mergers and acquisitions to enhance competitiveness.