Corrected: China imposes preliminary ADDs on phenol imports from five origins

Source: ICIS News

2019/05/27

Correction: In the ICIS news story headlined “China imposes preliminary ADDs on phenol imports from five origins” dated 27 May please read in the first paragraph, “...antidumping duties (ADDs) of 11.9%...” instead of “…antidumping duties (ADDs) of 28.9%...”, and in the second paragraph “…which started on 26 March…” instead of “…which started on 28 March…”. A corrected version follows.

SINGAPORE (ICIS)--China has imposed preliminary antidumping duties (ADDs) of 11.9% to 129.6% on phenol imports from the US, EU, South Korea, Japan and Thailand with immediate effect.

Container ships docked at the Yangshan port in Shanghai, China. (Source: AP/REX/Shutterstock)

The Chinese Ministry of Commerce announced on Monday the preliminary results of its ADD probe, which started on 26 March 2018.

Country/Region Company ADD
US INEOS Americas LLC 129.6%
US Blue Cube Operations LLC 125.4%
US Other US companies 129.6%
Europe INEOS Phenol GmbH 82%
Europe INEOS Phenol Belgium NV 82%
Europe Other European companies 82%
South Korea Kumho P&B Chemicals, Inc 13.9%
South Korea LG Chemicals 13.3%
South Korea Other South Korean companies 23.7%
Japan Mitsui Chemicals 81.2%
Japan Other Japanese companies 81.2%
Thailand PTT Phenol Company Limited 11.9%
Thailand Other Thai companies 28.6%

Source: China Ministry of Commerce

The release of the probe’s preliminary results had been delayed by the 90-day US-China trade war truce from early December 2018.

Market players expect China's ADDs on phenol imports to be finalized in November.

China conducted the probe on the petition of domestic producers, including PetroChina Jilin Petrochemical, Changshu Changchun, CEPSA Shanghai, Sinopec Mitsui Chemicals, Bluestar Harbin Petrochemical, Yangzhou Shiyou and Huizhou Zhongxin.

The investigation covered the period 1 January 2014 to 30 September 2017.

US phenol imports (by country)

For US-origin phenol, the ADD is on top of the 10% import duty imposed in August 2018, a month since the US-China trade war began.

Since the fourth quarter of last year, there had been no US-origin phenol exported to China.

(Adds paragraphs 3-8, pie charts)

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