On November 20, the Chinese Ministry of Commerce decided to conduct an anti-dumping review investigation on imported halogenated butyl rubber produced by Exxon Mobil Corporation and Exxon Mobil Chemical Co., Ltd.
On August 10, 2018, the Ministry of Commerce implemented anti-dumping measures on imported halogenated butyl rubber originating from the United States, the European Union and Singapore.
The implementation period is 5 years from August 20, 2018.
9On September 19 this year, Exxon Mobil Corporation and Exxon Mobil Chemical Co., Ltd. submitted an application for review.
The two companies said that after the implementation of anti-dumping measures, the dumping margin of their halogenated butyl rubber has changed significantly.
They requested a review of dumping and dumping margins on the applicable anti-dumping measures.
On September 20, the Ministry of Commerce received the above application, notified the domestic industry, and forwarded the application for periodical review.
The Ministry of Commerce reviewed the application and found it eligible for filing.
It is understood that in 2018, the Ministry of Commerce's anti-dumping tax rate on Exxon Mobil Corporation was 71.9%, and the anti-dumping tax rate of Exxon Mobil Chemical Co., Ltd. was 75.5%.
High-performance halogenated butyl rubber can be used in tire manufacturing to increase sealing effect and other performance improvements.
In the past, the technology and market of halogenated butyl rubbers worldwide were basically controlled by ExxonMobil and Aramco.
After 2012, the prices of related products of foreign companies began to fall sharply.
At this time, it is when China's brominated butyl rubber manufacturers start to appear and are on track.
In order to continue to occupy the market, international companies continue to reduce prices and seize the Chinese market at ultra-low prices.
Subsequently, after an application was filed by a Chinese company, the Ministry of Commerce initiated an anti-dumping investigation and ruled that the relevant company had a dumping practice.