The Ministry of Commerce of China announced that it will conduct anti -dumping measures for imported phenols from the United States, the European Union, South Korea, Japan, and Thailand from Friday (September 6).

The Ministry of Commerce of China announced the above news on the official website on Thursday (5th).

The Ministry of Commerce of China issued an announcement on September 3, 2019, deciding that starting from September 6, 2019, it has levied anti -dumping duties native to the United States, the European Union, South Korea, Japan, and Thailand.For five years.US companies' tax rates are from 244.3%to 287.2%, EU companies' tax rates are 30.4%, South Korean companies' tax rates are from 12.5%to 23.7%, Japanese companies' tax rates are from 19.3%to 27.0%, Thai companies' tax rates are from 10.6%to 28.6%Essence

The Ministry of Commerce received nine application enterprises such as China Petroleum and Chemical Co., Ltd. Beijing Yanshan Branch and three applicants and Zhongsha (Tianjin) Petrochemical Co., Ltd., such as China Petroleum and Chemical Industry Co., Ltd. on June 19 this year.Application for submitted anti -dumping measures.

The applicant claims that if anti -dumping measures are terminated, the dumping of imported phenols in the United States, the European Union, South Korea, Japan, and Thailand may continue or occur again.If it happens again, the Ministry of Commerce is requested to conduct a final review investigation of imported phenols native to the United States, the European Union, South Korea, Japan, and Thailand, and maintain anti -dumping measures for the implementation of imported phenols native to the United States, the European Union, South Korea, Japan, and Thailand.Essence

After review, the investigation agency believes that the applicant's claims and the surface evidence submitted in meet the requirements of the final review case.The Ministry of Commerce of China has decided to conduct a review and investigation of anti -dumping measures applicable to imported phenols native to the United States, the European Union, South Korea, Japan, and Thailand from September 6 this year.

According to the recommendations of the Ministry of Commerce, the Customs Taxation Committee of the State Council decided that during the re -examination and investigation of anti -dumping measures, imported phenols natives of the United States, the European Union, South Korea, Japan, and Thailand continued to levy anti -dumping duties.