MOFCOM, China’s Ministry of Commerce, announced on July 27 the preliminary ruling decision for anti-dumping investigation of 2 ether products – ethylene glycol monobutyl ether and diethylene glycol monobutyl ether, originated from the USA and the European Union.
The preliminary ruling stated that during the investigation period (one year from November 18 2011 onward) dumping realities exist in the above mentioned US and EU exports and this had led to substantial damage to the domestic industry. According to article 28 and 29 of the Regulations on Anti-dumping of the People’s Republic of China, MOFCOM decided to execute temporary anti-dumping measures by imposing ransom penalties on six main exporters and other suppliers from July 28 2012. Importers of the involved investigated products are required to submit due ransoms to the General Customs of China in proportion to the supplier’s dumping profit margin.
Margin deposits levied on each exporter
The United States:
1 | Eastman Chemical Company | 10.1% |
2 | The Dow Chemical Company | 12.5% |
3 | Equistar Chemicals, LP | 11.5% |
4 | All others | 15.1% |
The European Union:
1 | Sasol Germany GmbH & Sasol Solvents Germany GmbH | 13.0% |
2 | INEOS Chemicals Lavera SAS | 9.3% |
3 | BASF SE | 18.8% |
4 | All others | 14.9% |
Any interested party may submit written comments and documentary evidence to the Ministry of Commerce within 20 working days upon this announcement. MOFCOM will take into account of well-reasoned evidence in the final ruling.
