Major S Korea producers withdraw ADD probe petition against China SM

SINGAPORE (ICIS)–South Korean producers Hanwha Total Energies and Yeochon NCC are withdrawing their request for an antidumping probe on styrene monomer (SM) imports from China, based on a petition they filed with the Korea Trade Commission on 12 August.

The probe, which was initiated upon requests from Korean producers, has been ongoing since 9 April and was supposed to end on 8 September.

Expectations heightened in June that Korea will launch antidumping duties (ADDs) on China-origin SM after China extended its five-year ADDs on SM imports from three origins, including Korea.