Chinese Anti-Dumping Policy For The Global Suppliers Of PolymersNov 7th, 2017
The suppliers from Thailand, Malaysia and the Republic of Korea sell polyformaldehyde copolymer to China at knock-down a price, which is significantly detrimental to the local industry. On establishing the fact of dumping from these countries, the Ministry of Commerce of China announced the decision of imposing anti-dumping duties on polyformaldehyde copolymer imports from these producers.
After the decision comes into force, the amount of the anti-doping duties will range from 6% to almost 35%. The period for antidumping duty on the importation of this material into China for these three states will last for 5 years.
For the same duty period, China extends anti-dumping tariffs on caprolactam which comes from the EU and the USA. The anti-dumping duty on caprolactam was first enacted in 2011. These measures were taken in view of the fact that the U.S. and the European Union had been supplying products to the Chinese market at underselling price prices.
The main reason for the imposition of duties is the economic loss that domestic polymer producers have to experience. The import tariffs on these materials, established in 2011, will remain the same. Seven European companies including DSM Fibre Intermediates B. V. will pay the duty varying from 2, 3% to about 5%. For the rest European Union companies, the duty will amount to 25, 5%.
Duties for American companies have been also diversified. The BASF Corporation, and DSM Chemicals North America, Inc., and Honeywell Resins & Chemicals LLC will pay 2, 2 %, 2, 5% and 3, 6%, respectively. Other American suppliers will pay a tariff rate of 24%.