China mulls anti-dumping duties on styrene monomer imports from South Korea

14-Jun-17

China is looking at imposing anti-dumping duties (ADDs) on styrene monomer imports from South Korea, as per Platts. The proposed ADD was a result of a recent petition filed by Chinese producers to decrease competition from South Korea, sources said. Market participants said despite news they were sceptical that ADDs would be imposed any time soon.
South Korea is the largest exporter of styrene monomer to China, shipping 1.23 million mt of styrene in 2016, or 35% of China's SM imports. For comparison, China's domestic SM production stands at about 8.39 mln mt/year. The Asian styrene monomer CFR China marker closed at US$1,145/mt Tuesday, up US$10/mt from Monday.