01 March 2013 03:36 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Ministry of Commerce announced on late Thursday that it will levy security deposits at 22.2-36.9% on toluidine imports from the EU, effective from 1 March, as part of its temporary anti-dumping duties (ADDs) measures.
The ministry said preliminary ruling from its anti-dumping investigations, which started on 29 June last year, found that toluidine cargoes from EU were dumped in the Chinese market and have affected the domestic toluidine industry.
German chemicals manufacturer LANXESS will have to pay security deposits of 22.2% with the Chinese customs for the chemical, while all other companies from the EU will face 36.9% tariffs, the ministry added.
The ministry did not specify the deadline of the anti-dumping measure on the chemical.
Toluidine is largely used as an intermediate for colorants, pharmaceuticals and pesticides.
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