China's Ministry of Foreign Trade and Economic Cooperation announced Saturday that it will impose anti-dumping tariffs on acrylate, a raw material used in the spinning industry, imported from Japan and the United States.
Acrylate imports from Japan will be subjected to tariffs of between 31 percent and 60 percent, while those from the U.S. will be taxed between 31 percent and 69 percent, the ministry said in a bulletin.
The rates of antidumping duties for Japanese firms were set at 31 percent for Nippon Shokubai Co., 35 percent for Mitsubishi Chemical Corp., 49 percent for Idemitsu Petrochemical Co. and Idemitsu Kosan Co., and 60 percent for Toagosei Co. and the remaining firms.
The Chinese government has been collecting antidumping duties of up to 60 percent since the trade ministry issued a preliminary finding on the alleged dumping of acrylate on Nov. 23 last year.