The high-end lubricant market in the Sino-US trade war is a "crisis" and an "opportunity"

The high-end lubricant market in the Sino-US trade war is a "crisis" and an "opportunity"

The largest trade war in the history of China and the United States was officially launched with the United States imposing 25% tariffs on US$34 billion products from China. It mainly involved 73 commodities in three categories, including machinery and electronics, complete equipment, and resource chemicals. High-end lubricants bear the brunt. Become an industry that has suffered huge losses in the trade war. Regarding the development of high-end manufacturing, known as the blood flowing in high-end equipment, will the internationalization of high-end lubricants be severely interrupted?

The trade war is intensifying, and high-end lubricants strive for success

In the second half of 2018, it seems inevitable that the petrochemical industry will be fully involved in the trade war. Among the 114 products that the Chinese government "liangjian" implements the same level of taxation on imported goods of the same amount in the United States, 108 items are related to "oil or oil and gas products".

From the perspective of Base Oil, the main raw material of lubricating oil, this time it is planned to impose tariffs on the base oil lubricant products in the US and Canada. Authoritative data show that the import of petrochemical resources in the first quarter is 800,638.715 tons, of which the base oil imported by the United States is about 2,113 tons. , Accounting for only 0.26%. This shows that the production cost of my country's lubricants will not be greatly increased. The production of high-end lubricants will not be hampered by the trade war.

Judging from the current performance of the high-end lubricant market, my country's lubricants have not been significantly negatively affected by the trade war, and even some independent high-end brands have shown an upward trend.

As the blood of high-end manufacturing, high-end lubricants are related to the life of the entire manufacturing industry. The Sino-US trade war has restricted some imports of "foreign oil" and has caused a certain degree of trouble in some high-end manufacturing fields. China's increase in import tariffs on "Made in the United States" may accelerate the process of systematization of China's manufacturing industry and realize localization. The substitution of imported imports has brought new opportunities for the upgrading and development of "Made in China".