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

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 U.S. 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.

China's Ministry of Commerce (MOC) announces 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. [File photo: IC]

According to a previous MOC statement, DSM Fibre Intermediates B.V. 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 U.S. 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 U.S. companies will be levied a uniform anti-dumping tax of 24.2 percent.