Methanol imports into China originating from Indonesia, Malaysia and New Zealand will now face five years of antidumping duties following the final results of an investigation into the matter, according to the country's commerce ministry.
The three main producers in these countries are Indonesia's Kaltim Methanol Industries, Malaysia's Petronas Methanol Labuan, and Methanex New Zealand, and their buyers will have to pay duties of 9.1%, 9.1%, and 8.9% respectively.
That in itself will be a preferential rate compared to other methanol sellers who will face duties of 32.5-37.5%.
The decision will last for a 5-year period although the state council's Customs Tariff Commission has suspended the start date.
It was initially due to start Friday.
The decision effectively removes Indonesia and Malaysia's zero import tariffs into China, from the free trade agreement between ASEAN and China. New Zealand also has a free trade agreement with China.
Saudi Arabian exports into China incur a 5.5% customs duty.
In October, preliminary results for the investigation started in June 2009, cleared Saudi Arabia of antidumping behavior.
But the investigation found that imports from Indonesia, Malaysia and New Zealand were likely to be significantly hurting China's methanol industry, and duties were slapped on then. These duties, paid over October 28 to 23 December this year, will be refunded. Methanol antidumping duties imposed on countries and companies: Country, Company, Duty
1. Indonesia, Kaltim Methanol Industri, 9.1%
2. Indonesia, All other companies, 32.5%
3. Malaysia, Petronas Methanol Labuan, 9.1%
4. Malaysia, All other companies, 37.5%
5. New Zealand, Methanex New Zealand, 8.9%
6. New Zealand, All other companies, 36.4%
Source: China ministry of commerce website
--Baoying Ng
The three main producers in these countries are Indonesia's Kaltim Methanol Industries, Malaysia's Petronas Methanol Labuan, and Methanex New Zealand, and their buyers will have to pay duties of 9.1%, 9.1%, and 8.9% respectively.
That in itself will be a preferential rate compared to other methanol sellers who will face duties of 32.5-37.5%.
The decision will last for a 5-year period although the state council's Customs Tariff Commission has suspended the start date.
It was initially due to start Friday.
The decision effectively removes Indonesia and Malaysia's zero import tariffs into China, from the free trade agreement between ASEAN and China. New Zealand also has a free trade agreement with China.
Saudi Arabian exports into China incur a 5.5% customs duty.
In October, preliminary results for the investigation started in June 2009, cleared Saudi Arabia of antidumping behavior.
But the investigation found that imports from Indonesia, Malaysia and New Zealand were likely to be significantly hurting China's methanol industry, and duties were slapped on then. These duties, paid over October 28 to 23 December this year, will be refunded. Methanol antidumping duties imposed on countries and companies: Country, Company, Duty
1. Indonesia, Kaltim Methanol Industri, 9.1%
2. Indonesia, All other companies, 32.5%
3. Malaysia, Petronas Methanol Labuan, 9.1%
4. Malaysia, All other companies, 37.5%
5. New Zealand, Methanex New Zealand, 8.9%
6. New Zealand, All other companies, 36.4%
Source: China ministry of commerce website
--Baoying Ng
