26 July 2013 06:24 [Source: ICIS news]
SINGAPORE (ICIS)--China has raised its anti-dumping duty (ADD) rate that applies to chloroprene rubber imported from Japan’s Denki Kagaku Kogyo Kabushiki Kaisha (Denka) to 20.8% with immediate effect, the country’s Ministry of Commerce (MOC) announced on Friday.
The MOC hiked the ADD rate from 9.9% in response to complaint from some Chinese rubber makers about foreign competition.
Chloroprene rubber, also called neoprene, is a synthetic rubber widely used for wire and cable sheathing and other industrial building materials.
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