Beijing – China has extended antidumping duties on rubber imported from Japan, the US and the European Union for another five years, press reports announced on 9 May.
According to Reuters the duties will be effective 10 May
The Indian Express also said that the decision by the Chinese ministry of commerce covers duties on chloroprene rubber imported from those countries was imposed in 2005.
According to the report the duties were imposed on the products on the grounds that they were being dumped on the Chinese market at a price lower than market prices.
The Indian Express added that the duty rates for Japanese imports range were less than 50%, while those for the US and European producers were “much higher”.
Leading CR producers, including Arlanxeo, Showa Denka and Tosoh, have announced a number of price hike rounds globally and in Asia since November last year.
Chloroprene rubber is commonly used in applications like cable sheathings, hoses, belts and air springs as well as adhesives.