China’s tariffs on caprolactam carry on
CHINA’S Ministry of Commerce said Saturday that it will extend anti-dumping duties on imports of caprolactam, a synthetic polymer widely used in textiles, from the European Union and the US for another five years.
China imposed anti-dumping duties on caprolactam in 2011 on the grounds that the products were being dumped on the Chinese market at below market prices.
The latest decision follows a review that found the domestic industry would be harmed if anti-dumping duties were discontinued.
The ministry said China will continue to levy anti-dumping duties on such imports according to the rates set in 2011.
According to a previous ministry statement, DSM Fibre Intermediates B.V. and six other European companies were subject to anti-dumping duties of between 2.3 and 4.9 percent, while rates for other EU companies were set at 25.5 percent.
As for US caprolactam, DSM Chemicals North America Inc, Honeywell Resins & Chemicals LLC and BASF Corporation will face an anti-dumping tax of 2.2 percent, 3.6 percent and 2.5 percent, respectively.
All other US firms will be levied a uniform anti-dumping tax of 24.2 percent.
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