Styrene anti-dumping: several happy several worry

June 12, the domestic part of the styrene production enterprises originating in South Korea’s styrene supply of anti-dumping applications by the Ministry of Commerce to accept and carry out the relevant investigation. It is reported that some of the domestic enterprises have received the relevant questionnaires.

Since the accession to the World Trade Organization (WTO) in China in 2001, China has adopted a five-year concession process for the tariffs on styrene and the Asia-Pacific Trade Agreement (also known as the Bangkok Agreement). By 2012, the MFN tariffs %, Manchester United tax rate to 1.4%, and thus stabilized. As a beneficiary of the Manchester United tariff, the origin of the styrene origin in Korea to enjoy the 1.4% preferential tax.

Thanks to its geographical advantage and preferential terms, the Republic of Korea has been the largest exporter of styrene in China. According to Zhuo record statistics, 2012-2016 years, the number of imports from South Korea are more than 1 million tons of supply. The current total production capacity of styrene in the Republic of Korea in 4.04 million tons, of which SKG annual output of 350,000 tons of equipment since 2014 long-term parking, thus, even if the exclusion of equipment within the plan, the maintenance factor, assuming that the Korean region full year , According to the 2012-2016 customs import data, the Chinese market supply of raw materials accounted for the proportion of its annual output as high as 29.8% -37.9%. Thus, once the anti-dumping is established, the impact of South Korea’s supply is self-evident.

barium-chloride.com/”>http://www.barium-chloride.com

Source country statistics

The impact of the Chinese market is minimal On the one hand, in recent years, the domestic new device bulk launched, by the end of 2016, the supply of self-sufficiency rate has been raised to about 63%, and the next three years, the domestic styrene plant is to maintain high-speed expansion; the other hand, the Middle East, the United States Supply can completely make up the supply gap.

Once the South Korean supply cost advantage is no longer, then the United States, the Middle East styrene production enterprises will become a direct beneficiary. After all, China’s huge demand for the market, but also they dream of.