China to Reconsider Anti-Dumping Duty on Russian Chemical Supplier
Source: Chemical Knowledge Date: 2007-09-06
The Ministry of Commerce announces yesterday that China is reconsidering the necessity to impose anti-dumping duty on Kemerovo Joint Stock Company (KJSC), which is a major chemical plant to produce caprolactam in Siberia, Russia.
Anti-dumping duties were imposed on caprolactam originating from Japan, Belgium, Germany, the Netherlands and Russia with a tax rate from 5 to 28 % from June 2003 as investigations showed dumping of caprolactam has greatly damaged the country’s domestic industry. The involved companies had to pay anti-dumping duties for five year. KJSC applied to 9% tax.
According to Regulations of the People’s Republic of China on Anti-dumping, companies imposed on anti-dumping duties can apply for a mid-term re-examination. KJSC put forward its application for a mid-term review of dumping and dumping margin on anti-dumping measures in July, 2007. The Ministry of Commerce accepted and decided to carry out investigation.
Caprolactam is mainly used to produce nylon. The normal price, export price and dumping margin of caprolactam from Jul 1, 2006 to Jun 30, 2007 will be investigated.
