China imposes deposits on resorcinol imports from Japan, US

23 November 2012 11:20  [Source: ICIS news]

SINGAPORE (ICIS)--China will levy security deposits ranging from 30.1% to 40.5% as temporary anti-dumping measures on resorcinol imports from Japan and the US from 23 November, the Ministry of Commerce announced on Friday.

The Ministry said that its anti-dumping investigations, which started on 23 March this year, found that resorcinol cargoes from the two countries had been dumped into China and materially had damaged China’s resorcinol industry.

Country/Company

Deposit ratio

Japan

 

Sumitomo Chemical

40.5%

Mitsui Chemicals

40.5%

All others

40.5%

US

 

INDSPEC Chemical

30.1%

All others

30.1%

 


By: Fanny Zhang
+65 6780 4359



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