19 November 2012 07:41 [Source: ICIS news]
A security deposit ranging from 6.6% to 37.7% will be levied on products imported from producers such as Bayer MaterialScience and Dow Chemical Tarragona, according to the ministry.
However, this will not impact significantly on the domestic supply-demand situation as TDI imports from the EU and other countries have decreased after a sharp increase in capacity in the domestic market, according to Lv Guohui, the deputy secretary-general of China Polyurethane Industry Association (CPUIA).
Many multinational corporations have shifted a large part of their TDI production to
Despite the limited impact on the supply-demand situation, the temporary antidumping measure is expected to help to stabilise the prices in the domestic TDI market, a Hebei-based TDI producer said.
In the future, Chinese TDI producers are expected to mostly face domestic competition, with imports shrinking and domestic capacity expanding rapidly. Local producers must then cut costs and improve their products’ quality through innovations in technology, management and marketing to be competitive, an industry market source said.
Additional reporting by Fanny Zhang
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