25 January 2013 12:02 [Source: ICIS news]
LONDON (ICIS)--Chinese regulators have imposed duties on imports of ethylene glycol monobutyl ether and diethylene glycol monobutyl ether from the US and EU, the country’s ministry of commerce (MOFCOM) said on Friday.
China is to start collecting anti-dumping duties on imports of the solvents for five years from 28 January in response to pricing practices that it claims are undermining domestic producers. According to Reuters, duties are reported to range from 9.3-18.8%.
Dumping indicates that manufacturers are exporting goods to a country at a price below what it would charge in its home market.
The ministry said: “MOFCOM made, after investigation, its final decision that dumping exists in imports of ethylene glycol monobutyl ether and diethylene glycol monobutyl ether originated from the US and the EU during the period of investigation.
“Such dumping has caused material injury to China’s domestic industry. There exists a causal link between the dumping and the material industry,” it added.
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