International Trade Daily™ provides rapid, reliable notification of the most significant developments affecting U.S. trade and international business policy, as well as the policies of major U.S....
By John Butcher
Oct. 21 — China will continue to impose antidumping tariffs on U.S. and European Union exports of caprolactam, a raw material used in the production of certain textiles, the Ministry of Commerce said Oct. 21.
A five-year extension of tariffs was announced in a statement on the Ministry of Commerce (MOC) website, which claimed “the termination of anti-dumping duties could lead to dumping and injury,” to domestic companies.
The global caprolactam market size was around 4,925.9 kilo tons in 2014 and is expected “to witness substantial growth,” according to a report published in July by Grand View Research, a California-based market research and consultancy firm. The Asia Pacific market accounted for over 55 percent of global revenue share in 2014, the report said.
Fibrant LLC, Honeywell Resins & Chemicals LLC and the BASF Corp. face an antidumping tax of 2.2 percent, 3.6 percent and 2.5 percent, respectively, while all other U.S. exporters of caprolactam are levied a uniform anti-dumping tax of 24.2 percent.
An anti-dumping tax of between 2.3 percent and 4.9 percent is in force on imports from Fibrant BV and six other European companies, while other companies are levied a tariff of 25.5 percent.
These represent a slight change to the original tariffs imposed for a five-year term on Oct. 22, 2011, because of the formation of joint ventures and changes in company names.
DSM Fibre Intermediates BV and DSM Chemicals North America Inc. jointly filed a petition to the MOC Dec. 30, claiming they were renamed Fibrant BV and Fibrant LLC. This was accepted as of March 12 and the companies continued with those tariff rates.
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