On June 22nd, 2018, the Ministry of Commerce issued the No. 43 Announcement of 2018, promulgated the final ruling on the anti-dumping investigation of imported styrene originating in South Korea, Taiwan region and the United States, ruling on the importation originating in South Korea, Taiwan and the United States. There was dumping of styrene, and the styrene industry in China was substantially damaged. There was a causal relationship between dumping and substantial damage. It was decided that from June 23, 2018, anti-dumping duties should be levied on these products, and the tax rate was 3.8%-55.7%. Not ranging, the levy is 5 years.
China's domestic styrene industry submitted an anti-dumping investigation application to the Ministry of Commerce on May 25, 2017. The application submitted that the export of styrene products to the mainland of China in South Korea, Taiwan, and the United States has increased significantly in recent years, which has impacted the styrene industry in Mainland China. The Ministry of Commerce requested the Ministry of Commerce to conduct anti-dumping investigations on the above products. The Ministry of Commerce reviewed the application and considered that the application complied with the relevant provisions of the Anti-dumping Regulations. It was decided to initiate an investigation on June 23, 2017. After the case was filed, the Ministry of Commerce strictly followed China's relevant laws, regulations and WTO rules were investigated. Based on the preliminary investigation, the affirmative preliminary ruling of the case was announced on February 12, 2018. After further investigation, the above final ruling was made.