China starts antidumping inquiry on catechol from US, Japan

02 June 2005 04:40  [Source: ICIS news]

SINGAPORE (CNI)--China has started an antidumping investigation on catechol imports from the US and Japan, the country's Ministry of Commerce (MoC) announced on Thursday.

 

The investigation was prompted by Lianyungang Sanjili Chemical Industry Co's application, which was submitted on 31 March 2005 on behalf of domestic catechol producers.

 

The MoC will investigate whether dumping took place between 1 January, 2004 and 31 December, 2004. It will also assess the impact of the alleged dumping on the domestic industry during the same time frame. Investigations are expected to be completed by 31 May, 2006, but this could be extended by six months under special circumstances.

 

The MoC imposed final antidumping duties (ADD) on catechol imports from the European Union (EU) in August 2005. However, it announced in December 2004 that it would re-assess the duties as Sanjili claimed that the dumping profit margin for EU producers and exporters grew after the arbitration, and exceeded the imposed ADD tax rate.

 

The Chinese company had requested for a calculation of the dumping profit margin of the EU exporters and an amendment of the ADD tax rate accordingly. The levy is 20% for France’s Rhodia Organique and 27% for Italy’s Borregaard Italia. All other importers will be subject to a 79% levy. It was not clear when would MoC complete the re-examination of EU imports.

By: Clara Tan
+65 6780 4359

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