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China to lower import duties for 883 products, including polyolefinsChina to lower import duties for 883 products, including polyolefins |
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The Chinese government announced the reduction of import duties on 883 products starting 1 January 2020 to satisfy domestic demand and stimulate local economy. These products would enjoy tariffs of 3% instead of the previously 6.5%.
Some of the petrochemical products including electrical grade homo-PP and PE cargoes priced above the $3800/ton CFR China. As such, the development is not expected to impact the commodity PP and PE market.
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HS code |
Description |
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39011000 |
PE with density <0.94 but CIF price have to higher than 3800USD/ton |
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39012000 |
PE with density >0.94 but CIF price have to higher than 3800USD/ton |
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39021000 |
PP homo, electrical grade, with ash content not more than 30ppm |
Country
China
