(Yicai Global) Oct. 23 -- China's commerce ministry issued its final ruling today on its anti-dumping probe into imports of polyformaldehyde copolymer from Korea, Thailand and Malaysia.
Investigators found dumping imported polyformaldehyde copolymer produced in the three Asian nations that inflicted material harm on China's polyformaldehyde copolymer industry.
Per Article 38 of China's Anti-Dumping Regulations, China's Ministry of Commerce recommended to the Customs Tariff Commission of the State Council that it levy countervailing duties. The commission will duly impose these anti-dumping sanctions on polyformaldehyde copolymer imported from the three countries effective tomorrow. China's anti-dumping tax rates for foreign companies range from 6.2 percent to 34.9 percent.