Aug. 3rd, 2012

Industrial Chemical

MOFCOM: ADM Preliminary Ruling on 2 Ethers from US and EU

The preliminary ruling stated that during the investigation period (one year from November 18 2011 onward) dumping realities exist in the abovementioned 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 28m 2012. Importers of the involved investigated products are required to submit due ransoms to the Chinese General Administration of Customs 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.

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