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Cangzhou Dahua resists the U.S. Department of Commerce's anti-dumping of TDI

on the 3rd, the Ministry of Commerce Station issued a filing announcement, approving the application of Hebei Cangzhou Dahua TDI Co., Ltd. for interim review of the anti-dumping measures applicable to imported diisocyanate (TDI) originating in Japan and South Korea, and decided to start the review of the above products from the date of the announcement. This is the anti-dumping war against imported TDI products from Japan, South Korea and other countries once again after Cangzhou Dahua proposed to conduct an anti-dumping investigation on imported TDI products in 2002 and finally obtained the final determination of the Ministry of Commerce in November 2003. As the largest TDI manufacturer in China, Cangzhou Dahua's TDI profitability has been impacted by the low price of imported TDI products for a long time

the request for reexamination was approved for filing

in November 2003, also at the application of Cangzhou Dahua TDI company, the Ministry of Commerce issued the final ruling on the anti-dumping investigation of imported TDI (model tdi80/20) originating from Japan, South Korea and the United States, and decided to impose anti-dumping duties on TDI products exported to China from the above three countries from November 22, 2003

the Ministry of Commerce announced on December 3 that on December 20, 2004, Hebei Cangzhou Dahua TDI company submitted an application to the Ministry of Commerce for dumping and mid-term review of the dumping margin applicable to the anti-dumping measures of imported TDI originating in Japan and South Korea, claiming that within about one year after the final determination, the dumping margin of TDI exported to China by Japanese and South Korean manufacturers and exporters with good formability will increase, If it exceeds the anti-dumping duty rate determined in the final determination, it is requested to calculate the dumping margin of manufacturers and exporters in Japan and South Korea in the past year, and modify the anti-dumping duty rate accordingly. After receiving the review application from Cangzhou Dahua TDI company, the Ministry of Commerce forwarded it to the Japanese Embassy in China and the Korean Embassy in China

in mid January 2005, the major exporters of TDI from South Korea and Japan to China submitted comments to the Ministry of Commerce. After examination, the Ministry of Commerce believes that the application of Cangzhou Dahua TDI Co., Ltd. meets the requirements of the anti-dumping interim review case in the anti-dumping regulations of the people's Republic of China and the Interim Rules for the interim review of dumping and dumping margins of the Ministry of Commerce. The Ministry of Commerce has decided to conduct dumping and mid-term review of dumping margins on the anti-dumping measures applicable to imported TDI from Japan and South Korea that can be calibrated, corrected parameters and normal experiments (extended calculation for large deformation of demand) from the date of the announcement. The Ministry of Commerce will complete this review through the procedures of questionnaire distribution, hearing, on-site inspection, etc. the dumping investigation period of the review is from December 1, 2003 to November 30, 2004

The origin of TDI anti-dumping was as early as 2002. Cangzhou Dahua TDI company applied for anti-dumping investigation on TDI products from Japan, South Korea, the United States and other countries. At that time, due to the influx of foreign products and the continuous reduction of product prices, the delivery price of TDI in the domestic market fell from 23700 yuan/ton at the end of 2000 to 13000 yuan/ton at the lowest, forming a great profit pressure on Cangzhou Dahua. The company filed an anti-dumping investigation application for imported TDI products with the then Ministry of foreign trade and economic cooperation in May 2002. After investigation, the Ministry of Commerce issued a preliminary determination announcement on June 10, 2003, and made a final determination on November 22, 2003: the investigated products were found to have dumping and material injury, and there was a causal relationship between dumping and material injury. At the suggestion of the Ministry of Commerce, the Tariff Commission of the State Council decided to impose an anti-dumping duty ranging from 3% to 49% on the investigated products for a period of five years from November 22, 2003

Cangzhou Dahua announced at that time that the final decision made by the Ministry of Commerce played a positive role in maintaining the normal market order, and also had a positive impact on the operation of TDI's related businesses. Market data also showed that after the preliminary determination made by the Ministry of Commerce in June 2003, domestic TDI prices began to rise significantly. Cangzhou Dahua has good reasons to be so anxious about TDI. Cangzhou Dahua TDI company, which is 51.43% owned by Cangzhou Dahua, is currently the largest TDI manufacturer in China, with an annual production capacity of more than 20000 tons, accounting for half of the total domestic TDI production capacity. At the same time, TDI project is also the investment project for which the company raised 220million yuan in 2000. Therefore, any fluctuation in the domestic TDI market will directly affect the profitability and prospects of the company

long term imbalance of domestic TDI market price

an industry insider said that the domestic market price of TDI has been unbalanced for a long time under the impact of imported products. On the one hand, it is understood that at present, the total capacity of domestic TDI is only more than 40000 tons, while the market demand is about 230000 tons, there is a large gap, which mainly depends on the supply of imported TDI products. On the other hand, due to the surge of imported products, the TDI price has plummeted. Before the anti-dumping investigation, the weighted average price of Japan, South Korea and the United States, which accounted for 90% of the total imports, fell by 30%, making the domestic TDI market price fall below the cost line of almost all suppliers. Some people say that the market situation of this few TDI products with high technology monopoly, mature market application and large consumer demand is that "beef sells radish price"

as the main business of Cangzhou Dahua, the production and sales of TDI products have been plagued by the low price of imported products for a long time since 2000, which has been unable to bring satisfactory investment returns to the company for a long time, on the contrary, it has been in a state of loss for a long time. In 2004, when the prices of chemical products rose across the board, it was understood that the TDI project of Cangzhou Dahua was still difficult to make profits, but it was slightly better than that in 2003. Market analysts believe that the raw material price of TDI products has increased significantly driven by the rise in the price of the entire chemical products, but the price of TDI physical layer configuration technology products is affected by imported low-cost products, and its price rise is far less than that of its raw material prices

analysts believe that although the Ministry of Commerce made a dumping ruling on imported TDI products and imposed anti-dumping duties on them in November 2003, the tax range ranged from 3% to 49%, and the actual effect of this measure is not enough to restrict foreign behavior. With the boom of new energy vehicles around the world, it is unable to achieve the purpose of reasonably regulating the TDI market, This is also the reason why Cangzhou Dahua once again submitted a review. (CHEMCHINA)

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