China announced Adipic Acid (AA) anti-dumping determination

30/06/2009 12:00 - 728 Views

China's Ministry of Commerce (MOC) has begun an anti-dumping investigation on Adipic Acid imported from Korea, Europe Unit and America. Its HS code is 29171200.

As per Article 24 of Regulations of the People's Republic of China on Anti-dumping, MOC shall, on the basis of their findings, make a preliminary determination on dumping, injury, whether a causal link exists between dumping and injury, and publish the preliminary determinations. Now the following information as bellows:

Preliminary determination:

The official found that the AA stocks originated from Korea, Europe Union and America exist dumping and injure domestic AA productions in China. In addition, a causal line exists between dumping and injury.

Levy deposit:

According to Article 28 and Article 29, MOC decides to impose a provisional anti-dumping duty. Effectively from June 27, 2009, importers who import AA from Korea, EU and America shall provide deposit. The specific deposits rates of different companies are as follows:
 
Korean Company:

1.Rhodia Polyamide Co. Ltd     6.0%
2.Asahi Kasei Chemicals Korea Co.     5.7%
3.All Others       16.7%

European companies:

1. RADICI CHIMICA S.p.A      11.3%
2. RADICI CHIMICA DEUTSHLAND GMBH      11.3%
3. BASF SE     18.1%
4. All Others          30.3%

American company:
 
1. Solutia Inc.   16.8%
2. All Others     35.4%

Published: 26 Jun 2009 00:34:52 PST

Source: news.alibaba.com
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