Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Petrochemicals

China increases antidumping duty on styrene monomer imports from US

Thermal Coal | LNG | Oil | Crude Oil | Petrochemicals | Shipping | Tankers

Market Movers Asia, Oct 21-25: Lower logistics costs make Russian crude more attractive to Asian refiners

Jet Fuel

Platts Jet Fuel

NGL | Oil | Crude Oil | LPG | Oil Risk | Petrochemicals

Platts University New York

Oil | Crude Oil | Refined Products | Petrochemicals

Spotlight on Shandong: New petchem complexes threaten China's oldest refining cluster

China increases antidumping duty on styrene monomer imports from US

Singapore — China's Ministry of Commerce said in a statement Friday that it hasnotified styrene producers in South Korea, Taiwan, and the United States ofChina's final antidumping duty rates for styrene monomer imports.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

In the initial ADD decision effective February 13 earlier this year,antidumping duties of 5%-10.7% was implemented on styrene monomer from SouthKorea, Taiwan, and the US. The duty varies according to the company from whichthe cargo originates, and will be paid to China's General Administration ofCustoms.

After multiple appeals from various SM makers following the initialdecision, antidumping duties on cargoes from South Korea and Taiwan had beenlowered for the final decision, while higher rates had been imposed onUS-based producers.

US producer LyondellBasell will see the initial rate of 9.2% adjustedupwards to 13.9%, while Westlake Styrene will see the initial rate of 10.7%adjusted upwards to 13.7%. INEOS Styrolution and Americas Styrenics will seeinitial rates of 9.2% adjusted upwards to 13.9%, while all other US styreneproducers face a rate of 55.7%.

In South Korea, Hanwha Total Petrochemical Company and Yeochun NCC willsee initial rates lowered from 7.8% to 6.2%, while LG Chemical and SK GlobalChemical will see initial rates lowered from 8% to 6.6%. Lotte ChemicalCorporation will see initial rates lowered from 8.4% to 7.5%.

The final duty imposed on Taiwanese producer Formosa Chemical Fiber Corpwill be revised from 5% down to 3.8%, while all other Taiwanese producers willface a rate of 4.2%.

The final antidumping duties will be effective June 23, 2018, for aduration of five years.

--Frank Zeng, frank.zeng@spglobal.com

--Edited by Norazlina Juma'at, norazlina.jumat@spglobal.com