Trusted Market and Commodities-Trade Intelligence
On 19 March, 2018, the Ministry of Commerce of China (MOFCOM) finally ruled that dumping was found in methyl isobutyl ketone (MIBK) imported from South Korea, Japan and South Africa. The Tariff and Classification Committee of the State Council decided that starting from 20 March, anti-dumping tax shall be levied on MIBK originated from the above three countries. Compared with the first rule, there was some changes in the anti-dumping tax in the final one.
As repored, on 27 March, 2017, the investigation institution under the MOC had started the anti-dumping investigation on the product from the three countries. On 20 Nov., 2017, it published the primary notice confirming the dumping behavior, the Chinese MIBK industry was substantially harmed by the dumping.
It is known that MIBK is a good solvent with medium boiling point and organic synthetic raw material with extensive applications. As a solvent, it is mainly used in the fields of paints, pharmaceuticals and pesticides. It can also be used in producing high-end paints for automobile.
Table : China’s anti-dumping measures against MIBK imported from South Korea, Japan and South Africa, Nov. 2017 & March 2018
Security deposit ratio
in Nov. 2017
Announced in March 2018
Others in South Korea
Mitsui Chemicals, Inc.
Others in Japan
Africa (Pty) Ltd.
Others in South Africa