What's news

Provisional duties on phenol imports imposed

The Ministry of Commerce announced on Monday that it will levy provisional anti-dumping duties on phenol imported from the United States, the European Union, the Republic of Korea, Japan and Thailand. After a preliminary investigation that started in March last year, the ministry determined that phenol imports from these regions had caused substantial damage to the domestic industry. Importers of the product must place deposits with Chinese customs calculated according to the dumping margins, which ranged between 11.9 percent to 129.6 percent, according to the ministry. Phenol is an aromatic organic compound used as a pharmaceutical preservative and in dilution.

Central bank injects liquidity into market