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ECONOMY
THIS WEEK> THIS WEEK NO. 46, 2013> ECONOMY
UPDATED: November 12, 2013 NO. 46 NOVEMBER 14, 2013
Anti-Dumping Plan
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China's Ministry of Commerce (MOFCOM) announced on November 6 that it is to implement provisional anti-dumping regulations on cellulose pulp imported from the United States, Canada and Brazil.

The preliminary ruling requires importers of the product to place deposits with Chinese customs starting from November 7. The deposits will range from 0.7 percent to 50.9 percent of imports, depending on the dumping margin, said the MOFCOM statement.

MOFCOM announced that companies from the above-mentioned countries had dumped cellulose pulp on the Chinese market and such imports had caused substantial damage to the domestic industry.

The ministry launched its anti-dumping probe into imported cellulose pulp back in February.

Cellulose pulp, made from plant fiber, is used as a raw material in the production of viscose and acetate fiber.



 
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