China delays decision on acetone import duty

04 March 2008 08:53  [Source: ICIS news]

SHANGHAI (ICIS news)--China has delayed its final decision on anti-dumping duties on acetone imports which was expected on 9 March for another three months, a regulatory official said on Tuesday.

 

“Because of the complexity of the probe, the investigation needs more time. The final verdict is expected in June. An official announcement will be published on the Commerce Ministry website on 9 March,” he told ICIS news in Mandarin.

 

In late November the authorities had announced preliminary duties ranging from 5% to 54.1% on the import of acetone cargoes from producers in Japan, Singapore, Korea and Taiwan after concluding they were damaging the domestic industry.

  

The bulk of duties were in the 5-11.9% range, levied on cargoes from Japan's Mitsui Chemicals, Asia’s largest phenol-acetone producer.

 

“The high duty rates will continue to block off acetone cargoes from Mitsui Japan and Kumho,” a Shanghai-based international trader commented.


By: Rainy Ma
+65 6780 4359



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