On 14 th of this month, Chinese Ministry of Commerce announced that they will set about opening an anti-dumping investigation into importing acrylic fibers which come from Japan, Korea and Turkey from now on, which means the three countries¡¯ acrylic fibers anti-dumping duties probably are imposed.
The Ministry of Commerce declares, the inquiry is based on the investigation application submitted by several Chinese business representatives on behalf of domestic acrylic fiber industry. Application put forward that these three countries export acrylic fibers to China at lower price than normal standard, and it exists the Suspicion of dumping behavior.
¡¡¡¡ It also revealed the increasing tendency of their acrylic fibers¡¯ imports in domestic market. There is no doubt that it suppressed domestic price of same products and industries. Deserve to be mentioned, it also leads to indexes deterioration including the profit of pre-tax and post-tax, rate of investment yield and capacity utilization, inventory, the popularity of employment and the ability finance. All of these would damage domestic industries absolutely.
¡¡¡¡ Meanwhile, this anti-dumping investigation got supports from Shanghai Petrochemical Co., Ltd (SINOPEC), and the sum of this company and outputs meet to the standards of anti-dumping investigation.
¡¡¡¡ The period of this research was decided from 1 st Jan,2014 to 31 th Oct,2014.
¡¡¡¡Acrylic is a synthetic fiber made of by acrylonitrile, its appearance o is usually white and curly, fluffy and soft handle, looking like wool and warmer than it, being called Synthetic wool. This product often are used to make cloth, decorations, blankets, plush toys, outdoor goods ect..