China will maintain anti-dumping duties on rubber imports from the US, South Korea, and the EU, impacting global rubber trade and pricing dynamics.
China’s commerce ministry announced on Friday it will maintain anti-dumping duties on rubber products from the United States, South Korea and the EU, as it begins expiry reviews of the measure initially imposed five years ago.
China will keep an anti-dumping tariff ranging from 12.5% to 222% on U.S., Korea and European companies for the imports of the so-called ethylene-propylene-non-conjugated diene rubber, according to a Chinese ministry statement.
A duty of 222% will be levied on the Dow Chemical Company and 214.9% on Exxon Mobil Corp, opens new tab for the rubber product that is widely used in construction, wires and the auto industry.
News Courtesy : Reuters