China levies anti-dumping tax on US, EU chemicals

PUBLISHED : Saturday, 26 January, 2013, 1:19pm
UPDATED : Saturday, 26 January, 2013, 1:19pm

China says it will impose anti-dumping duties on two chemicals from the United States and European Union for five years.

The Chinese Ministry of Commerce says it has ruled that U.S. and EU companies have been selling the chemicals at unfairly low prices.

The two chemicals, ethylene glycol monobutyl ether and diethylene glycol monobutyl ether, are widely used in applications such as metal cleansing, paint stripping, dry cleaning and printing.

The ministry said Friday it will impose a 10.6 percent duty on those chemicals manufactured by American companies Equistar Chemicals LP and Eastman Chemical Co., and a 14.1 percent duty on those made by Dow Chemical Co. and all other U.S. companies.

It said it will levy duties of 9.3 percent to 18.8 percent on the products from EU companies.