China finalizes ADD on resorcinol imports from Japan, US

22 March 2013 03:24  [Source: ICIS news]

SINGAPORE (ICIS)--China will impose antidumping duties (ADD) on resorcinol imports from Japan and the US for five years starting from 23 March, the Ministry of Commerce announced on Friday.

The country has been levying security deposits ranging from 30.1% to 40.5% for imports of the material from the two countries as temporary antidumping measures from 23 November 2012.

Investigations finally concluded that resorcinol cargoes originated from Japan and US had been dumped into China and China’s resorcinol industry had been materially hurt by that dumping, the Ministry said.

Resorcinol is a chemical product used for making tyres and synthetic resins.

Country/Company

ADD 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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