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China extends anti-dumping duties on caprolactam imports from EU, US

Xinhua | Updated: 2017-10-21 15:12

China extends anti-dumping duties on caprolactam imports from EU, US

A worker was seen working in an assembly line at a company in the textile industrial park in Aksu, Northwest China's Xinjiang autonomous region, on May 17, 2017. [Photo by Zhu Xingxin/China Daily]

BEIJING - China's Ministry of Commerce (MOC) announced Saturday that it will extend anti-dumping duties on imports of caprolactam, a synthetic polymer widely used in textiles, from the EU and the US for another five years.

China imposed anti-dumping duties on caprolactam in 2011 on the grounds that the products were being dumped on the Chinese market at below market prices.

The latest decision follows a review that found the domestic industry would be harmed if anti-dumping duties were discontinued.

The MOC said China will continue to collect anti-dumping duties on such imports in accordance to the rates set in 2011.

According to a previous MOC statement, DSM Fibre Intermediates BV and six other European companies were subject to anti-dumping duties of between 2.3 and 4.9 percent, while rates for other EU companies were set at 25.5 percent.

As for US caprolactam, DSM Chemicals North America Inc, Honeywell Resins & Chemicals LLC and the BASF Corporation will face an anti-dumping tax of 2.2 percent, 3.6 percent and 2.5 percent, respectively.

All other US companies will be levied a uniform anti-dumping tax of 24.2 percent.

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