China slaps high tariffs on imported nylon 6

By Miles Moore, Senior Washington reporter (Tire Business)

Beijing -- The Chinese Ministry of Commerce has imposed tariffs of as much as 96.5 percent on nylon 6 -- used in tyre cord, hosiery, knitted garments, etc. -- imported from the US and other countries.

The final tariff nearly triples the preliminary antidumping duty of 36.2 percent the ministry recommended last October for US-sourced nylon 6, also known as polycaprolactam. The 96.5-percent level covers all US nylon 6 exporters except Honeywell Resins & Chemical llc, which will be charged the 36.2-percent tariff, and the US arm of BASF, which will be levied a duty of only 29.3 percent, according to news reports from China.

Nylon 6 from Taiwan, Russia and the European Union will be charged tariffs ranging from 4 to 23.9 percent. Those rates are unchanged from last October, when China started collecting security deposits on nylon 6 imports.

News of the tariffs created concerns among US tyre distributors as to how they would affect the price of tyres imported from China.

“Anything that impacts the prices of tyres from China impacts everyone who imports tyres from China,” said Pat McLaughlin, president of private brander Sure Tire Co. in Wentzville, Missouri.

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Tire Business (a Crain publication)