Strike Back! Are These Chemicals or Rising?

Since Pelosi's visit to Taiwan, the Chinese mainland has carried out a thunderous countermeasure: the People's Liberation Army has conducted military exercises around the island for three consecutive days, practicing "blockade of Taiwan Island"; banning the export of natural sand to Taiwan; stopping the import of products from more than 100 Taiwanese food manufacturers... Economic and military fields are covered.

It is understood that Taiwan is an important import and export trade area for the petrochemical industry in the world. In 2020, the import trade volume of the petrochemical industry in Taiwan will reach 48.94 billion US dollars, ranking 16th in the world, and the export trade volume will reach 36.63 billion US dollars, ranking 22nd in the world. . Among them, the total export trade volume of the chemical industry is 29.33 billion US dollars, accounting for 80% of the total trade volume of Taiwan's petrochemical industry.

In 2020, the top five export destinations of the petrochemical industry in Taiwan are China (34%), Vietnam (7.1%), the United States (6.6%), Japan (6.2%), and South Korea (5.5%). China is the most important for Taiwan. export destination of chemical products.


As an important import source of chemical products in mainland China, Taiwan ranks high in the proportion of imports of propylene, polypropylene, PVC, ethylene glycol, PX, PTA, styrene and other products. Especially in the field of ethylene glycol and PX, China still relies heavily on imports, and Taiwan is one of the main sources of imports. Taiwan's imports account for 5.15% and 3.63% of the mainland's total supply, respectively, which is an important part of the mainland's supply of goods. ring.

In the field of PTA and PVC, mainland China has sufficient production capacity, and its external dependence is low, only 0.15% and 1.84%. However, the supply of goods from Taiwan continues to be imported to the mainland every year, accounting for 71.16% and 50.8% of the total imports respectively. . In the fields of propylene, polypropylene and styrene, imports from Taiwan also play a key role in the balance of supply and demand in the mainland.

If the supply from Taiwan cannot enter the mainland due to some factors, the prices of these chemicals may rise due to the lack of supply from other regions.

In 2021, the mainland will produce 42.97 million tons of propylene and import 2.49 million tons, of which Taiwan will import 500,000 tons, accounting for 20%, accounting for 1.1% of the total supply in the mainland.

In 2021, the mainland will produce 28.22 million tons of polypropylene and import 3.18 million tons, of which Taiwan will import 260,000 tons, accounting for 8%, accounting for 0.82% of the total supply.

In 2021, the mainland will produce 21.3 million tons of PVC and import 400,000 tons, of which Taiwan will import 200,000 tons, accounting for 50.8%, accounting for 0.93% of the total supply in the mainland.

In 2021, the mainland will produce 12.2 million tons of ethylene glycol and import 8.43 million tons, of which Taiwan will import 1.06 million tons, accounting for 12.6%, accounting for 5.15% of the total domestic supply.

In 2021, the mainland will produce 21.32 million tons of PX and import 13.65 million tons, of which Taiwan will import 1.27 million tons, accounting for 9.3%, accounting for 3.63% of the total supply in the mainland.

In 2021, the mainland will produce 52.68 million tons of PTA and import 79,000 tons, of which Taiwan will import 56,000 tons, accounting for 71%, accounting for 0.11% of the total supply in the mainland.

In 2021, the mainland will produce 12.54 million tons of styrene and import 1.69 million tons, of which Taiwan will import 270,000 tons, accounting for 15.7%, accounting for 1.86% of the total supply in the mainland.