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2025-08-14 05:48
2089
New adjustments have been announced for tariff rates, which will benefit the chemical industry in China in particular, due to decreased import and export tariffs for several chemicals. The export tariff for ilmenite will stay unchanged by 10% and the rate for ferrotitanium decreased by 5% down to 20%.
According to data released by the China Coatings Industry Association, the total production of China's coatings industry has increased from 12.72 million tons in 2012 to 24.388 million tons in 2019, with a compound annual growth rate of 9.7%. Coatings, as an intermediate commodity, are closely related to downstream consumer markets such as the automotive industry, real estate, infrastructure, and home furnishings.