China extends phenol ADD on Japan, Korea, US, Taiwan

02 February 2009 07:19  [Source: ICIS news]

SINGAPORE (ICIS news)--China has extended the effective date of the anti-dumping duties (ADD) that apply to phenol imports from Japan, Korea, US and Taiwan by one year from 1 February 2009, traders said on Monday.

A review would be carried out to determine if the existing duties were still necessary and whether dumping activities would continue or recur if the duties were removed or varied, according to a statement from China's Ministry of Commerce.

Existing anti-dumping duties imposed in February 2004 ranging from 0 to 144% were originally scheduled to expire today, traders said.

The main chemical intermediates and derivatives of phenol are bisphenol-A (BPA) used to make polycarbonate (PC) and epoxy resins, phenolic resins, caprolactam, alkylphenols, aniline and adipic acid.

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By: Liu Xin
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