The Levy Of Tariffs Will Soon Affect The Spandex.

Since 0 o'clock in June 1, 2019, tariff rates have been raised for some imported goods originating in the United States. Among them, 25% of the list of tariffs added includes elastic spandex yarn, and spandex imports are not large, and mainly from Southeast Asian countries. The quantity originating in the United States is very few, but the market atmosphere is fermented, and there is no lack of influence on the downstream textile terminals.

The Customs Tariff Commission of the State Council has decided to increase the tariff rate on some imported commodities originating in the United States since 0 June 1, 2019.

The relevant matters are hereby announced as follows: the duty rate of the State Council Customs Tariff Commission on the import of goods originating in the United States of about 60 billion U.S. dollars will be raised, and the tariff rate will be increased in accordance with the announcement of the announcement of the Customs Tariff Commission of the State Council on the Levy of tariffs on some imported commodities (second batches) originating in the United States (tax committee announcement [2018] 6), No. 8 of the Tax Commission's Announcement No. 2018].

(excerpts from the Tax Commission Announcement No. 2019 [3]).

Among them, elastic spandex yarn is not twisted or twisted with no more than 50 turns (54024410) per meter.

For the import of spandex, it is mainly from Southeast Asian countries. Vietnam is the largest source country of import. The import volume of the United States is only a few tons, which is relatively small in the total import volume.

Looking back over the past 5 years, China's most import of spandex is Vietnam, which accounts for 10-35% of total imports.

China's Spandex import trade ranking in 2014-2018 years

On the whole, the import of spandex from the United States has little effect on the whole spandex market, and domestic supply gradually increases. The imbalance between supply and demand in the industry is difficult to improve. Textile terminal market trend is weakening, spandex or affected, and the atmosphere in the off-season is thicker.