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China Slaps Anti-Dumping Duties on Methanol Imports

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China Slaps Anti-Dumping Duties on Methanol Imports

by CFO Innovation Asia Staff, 26 October 2010
topics:
Accounting and Regulation Tax
tags:
anti-dumping
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China's Ministry of Commerce (MOC) says it would levy provisional anti-dumping duties of up to 37.5% on methanol imported from Indonesia, Malaysia and New Zealand.

 

According to the MOC, the three countries had dumped methanol onto the market, causing material damage to Chinese manufacturers.

 

The MOC has imposed provisional anti-dumping duties ranging between 9.3% and 37.5% effective Oct. 28, according to a news release on its website.

 

Methanol, also known as methyl alcohol, is used as a basic material to produce chemical products such as plastics, paint, construction materials and windshield cleaning fluid.

 

 

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