APLA ’18: US-China trade war spurs demand concerns for basic chemicals – Oxiquim

CANCUN, Mexico (ICIS)–While direct impacts from the US-China trade battle have been minimal to Oxiquim, there is concern about the wider impact on basic chemicals demand, a company official said on Sunday.

Chile-based Oxiquim is a chemicals production, distribution and logistics company.

“We have not seen specific impacts on our business but our concern is whether the tariffs reduce demand and thus prices for basic raw materials and chemicals,” said Edmundo Puentes, general manager of Oxiquim.

Puentes spoke to ICIS on the sidelines of the annual meeting of the Latin American Petrochemical Association (APLA).

The general manager also noted recent weakness in price of copper, of which China consumes more than 50% of global production.

The APLA annual meeting runs through Tuesday.

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