Ministry Of Commerce: Initial Announcement Of Anti-Dumping Case Against Terephthalic Acid

[publishing unit] Ministry of Commerce of People's Republic of China

[announcement] Announcement No. fourth 2010

[release date] 2010-02-02

According to the regulations of the People's Republic of China on anti-dumping, the Ministry of Commerce (hereinafter referred to as the investigation organ) issued the Announcement No. twelfth in 2009 on February 12, 2009, and decided to initiate anti-dumping investigations on imported terephthalic acid (hereinafter referred to as the products under investigation) in South Korea and Thailand, according to the regulations of the "anti dumping regulations of the People's Republic of China". The product under investigation is in the tariff code of import and export tariff of People's Republic of China: 29173611 and 29173619.

The investigation agency investigated the cause and effect of dumping and dumping margin, whether the products investigated were harmful to China's terephthalic acid industry, the degree of damage and the relationship between dumping and injury. According to the findings of the investigation and the twenty-fourth provision of the anti dumping regulations of the People's Republic of China, the Ministry of Commerce has made preliminary rulings (see Annex). The relevant matters are hereby announced as follows:

I. preliminary ruling

The investigation authorities preliminarily ruled that during the investigation period, dumping of terephthalic acid originating in Korea and Thailand, the domestic terephthalic acid industry was seriously damaged, and there was a causal relationship between dumping and material damage.

Two. Collecting security deposit

According to the provisions of the twenty-eighth and twenty-nine provisions of the People's Republic of China anti-dumping regulations, Ministry of Commerce It is decided to implement temporary anti-dumping measures in the form of margin. Since February 3, 2010, when importing imported terephthalic acid originating from Korea and Thailand, importers should provide the People's Republic of China customs with the corresponding margin according to the dumping margin of the companies determined by the preliminary decision.

The specific description of the product under investigation is as follows:

Scope of investigation: imported terephthalic acid from Korea and Thailand

The name of the product investigated is terephthalic acid (Terephthalic Acid).

Chemical formula: C8H6O4

Chemical formula: HOOC[C6H4]COOH

Specifications: terephthalic acid and other terephthalic acid

Physical and chemical characteristics: terephthalic acid is a colorless needle like crystal or amorphous powder (appearance is white crystal or powder), non-toxic, irritating, dust is explosive, soluble in alkali solution, slightly soluble in hot ethanol, slightly soluble in water.

Main uses: terephthalic acid is a bulk organic compound. raw material One is an important raw material for polyester and non fiber polymers. Terephthalic acid and ethylene glycol (EG) are condensed to obtain polyethylene terephthalate (PET), and can react with 1,4- butanediol or 1,4- cyclohexane two methanol to produce corresponding esters. The downstream products of terephthalic acid are mainly polyester, including polyester (polyester) and non fiber polyester products such as polyester bottle and polyester film.

The product is classified in the People's Republic of China import and export tariff code: 29173611 (terephthalic acid) and 29173619 (other terephthalic acid).

The margin rates for companies are as follows:

Korea Companies

1. Xiao Xing 2.7%

(Hyosung Corporation)

2. Samsung Petrochemical Corporation 3.4%

(Samsung Petrochemical Company Limited)

3.SK oil & chemicals company 3.5%

(SK Petrochemical Co., Ltd)

4. three South Petrochemical Company 4.2%

(Samnam Petrochemical Co., LTD.)

5. KP chemical company 2.9%

(KP CHEMICAL CORPORATION)

6. Tai GUANG industry (strain) 2.4%

(TAEKWANG INDUSTRIAL CO., LTD)

7. other Korea Companies 11.2%

(All Others)

Thailand company

1. Indorama Petrochemical Co., Ltd. 18.9%

(Indorama Petrochem Limited)

2. Siam Mitsui PTA Ltd. 12.2%

(Siam Mitsui PTA Co., Ltd.)

3. TPT Tpt Petrochemicals Public Company Limited 18.5%

(TPT Petrochemicals Public Company Limited)

4. other Thailand companies 20.1%

(All Others)

Three. collection Margin method

Since February 3, 2010, when importing imported terephthalic acid originating from Korea and Thailand, importers should provide the People's Republic of China customs with the corresponding margin according to the dumping margin of the companies determined by the preliminary decision. The deposit is calculated at the customs value of the customs value approved by the customs. The formula is: margin amount = (customs examination paid tax rate * margin collection ratio) * (1+ import duty increment tax rate).

Four, commentary

Within 20 days from the date of promulgation of this notice, the interested parties may submit written comments and relevant evidence to the Ministry of Commerce, and the Ministry of Commerce will consider them in accordance with the law.

Annex: preliminary ruling of the Ministry of Commerce of People's Republic of China on anti-dumping investigation of imported terephthalic acid originating in Korea and Thailand

Ministry of Commerce of People's Republic of China

February 2nd, two