Trade Commission Recommends Antidumping Duties of Up to 19.17% on Chinese Butyl Acrylate

The Trade Commission under the Ministry of Industry has made a final ruling that the domestic industry has suffered damages due to dumping of Chinese butyl acrylate and recommended the imposition of antidumping duties of up to 19.17%.

During its 475th meeting today (July 23), the Trade Commission resolved to recommend to the Minister of Economy and Finance antidumping duties ranging from 8.32% to 19.17% by supplier on Chinese butyl acrylate.

The final decision on whether to impose the duties rests with the Ministry of Economy and Finance.

Butyl acrylate is an organic compound manufactured through the esterification reaction of acrylic acid and butanol, and is utilized as a material for adhesives, acrylic paints, and special plastics (ASA).

This investigation began upon an application by LG Chem in July of last year, with the main investigation launching in September of the same year. Following a preliminary ruling in February of this year and a public hearing in April, the final ruling was reached today.

Previously, provisional antidumping duties ranging from 9.53% to 19.17% have been in effect since April 22.

By supplier, Shanghai Huayi and its affiliates received the lowest rate at 8.32%, while Pinghu Petro and its affiliates received the highest at 19.17%.

Additionally, the Trade Commission has initiated dumping investigations on Chinese tinplate and PVC suspension resin.

Tinplate is a material used for canned foods, beverage cans, and industrial containers, while PVC suspension resin is a general-purpose chemical material used for pipes, window frames, and wire insulation.

Both cases will go through investigative procedures with final rulings scheduled for April of next year.
 
(Photo: Capture from Trade Commission website, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.