China Finalizes Anti-Dumping Duty for American, Japanese Hydriodic Acid

17/10/2018 12:00 - 569 Views

(Yicai Global) -- China’s Ministry of Commerce has finalized anti-dumping duty rates for hydriodic acid imports from the United States and Japan.

For five years from tomorrow, American firms will pay a 123.4 percent duty and Japanese exporters will pay 41.1 percent, the ministry ruled today.

Hydriodic acid is used as a catalyst for chemical reactions and as a disinfectant, often to sanitize medical tools. It is also listed by the US Drug Enforcement Agency as a chemical used to produce controlled substances, as it can be combined with substances from nasal decongestants to make methamphetamine.

Taian Havay Chemicals applied for an anti-dumping investigation in September on behalf of the domestic industry, and the ministry agreed the following month to conduct a probe. It reviewed products dumped from July 2016 through June 2017 and considered industrial damage from January 2015 through June 2017.

The ministry made a preliminary ruling on the case in June, saying the products were dumped and setting rates at 118.8 percent for American companies and 41.1 percent for Japanese firms.

October 17, 2018
Source: Yicai Global