11/22/2012

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China implements anti-dumping measures for TDI against EU suppliers

A brief statement on the MOC's website said investigations concerning the dumping margin and possible damage to similar products and industries in China started on 23 March. The domestic industry has been "substantially” harmed by the EU's dumping of TDI, said the MOC statement, adding that the measures were based on anti-dumping regulations. An eight-month investigation found imported TDI from the EU was as much as 37.7 % below the normal domestic price and that such dumping has hurt domestic producers, the ministry said in a preliminary ruling. Importers of such products are required to pay anti-dumping deposits to China's customs authorities. China has announced it will implement anti-dumping measures on TDI (80/20) from Europe with effect from 21 November 2012. Importers must now pay an anti dumping deposit, which varies from 6.6 - 37.7 % according to supplier. Duties are quoted as Bayer MaterialScience 19.2 %, Zachem 18.1 %, BorsodChem Wanhua 6.6 %, Perstorp/PTT and others 37.7 %.The deposits will be charged according to the dumping margins of different producers, according to the ruling. The measures are "temporary”, said the MOC, without providing the exact period of validity. However, some domestic Chinese TDI producers have reported a significant increase in their profits over the same period and TDI prices actually rose between March and September.

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