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   06-09-2009 17:13 여성 음성 남성 음성 News List
China Targets Korean Chemicals in Anti-Dumping Probe

By Kim Hyun-cheol
Staff Reporter

China is stepping up anti-dumping pressure on imports of Korean chemical products, a state-run trade agency said Tuesday.

Nine major Chinese nonferrous metal makers have lodged an appeal calling for China's Ministry of Commerce, to investigate shipments of sulphuric acid from Korea and Japan, according to the Korea Trade-Investment Promotion Agency (KOTRA).

The Chinese companies produce the chemical as a byproduct, but are worried over dumping ― or predatory price fixing. They say that sulphuric acid from Korea and Japan is under-priced, compromising the market order and putting them at a disadvantage in terms of price competitiveness.

China imported 1.14 million tons of the acid in the first four months of this year, up 68.3 percent from last year, with over 97 percent coming from Korea and Japan. The companies claim that their sales tallied at only 883 tons, a 99.4-percent drop year-on-year.

Last year, Korea exported a million tons of sulphuric acid to China, around 45.5 percent of all its exports of the chemical.

This year the Chinese government has been looking into Korean chemical exports.

It notified Seoul in January of an anti-dumping probe on six petrochemical firms over exports of terephthalic acid, which is used in clothing and plastic bottles. Last month, Beijing announced it would look into imported cyclic dimethyl siloxane, a raw material for silicone gel and other products that come from Korea and Thailand.

Since its first anti-dumping action against Korean newsprint in 1997, China has slapped a total of 21 anti-dumping measures on Korean products, with three still under investigation.

KOTRA predicted China is likely to strengthen its regulations on chemical product imports.

``Chemicals are one of Korea's main exports and China is expected to take steps in order to bring competitiveness to its domestic products,'' a KOTRA official said.

hckim@koreatimes.co.kr





경찰, 이태원 등 외국인 밀집지역 특별관리

한국에 대해 무엇이든 답변해 주는 블로거가 있다

"빌 클린턴, 르윈스키 첫만남부터 불꽃 튀어"

'대통령 찬양' 댓글 알바들 딱 걸렸다

"北 휴대전화 요금이 무려... 놀라운 변화"

SNS에 '김정은 암살설'… 근거없다

美 '팝의 여왕' 휘트니 휴스턴 사망

[속보] "이집트 피랍 한국인 전원 석방"

3월 12일이 두려운 증권가

'600만명 학살 지휘' 잔인한 인물의 뒷얘기 공개


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