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China Ruled CPL Dumping In Europe And America

2011/1/28 8:56:00 87

According to the announcement of the Ministry of Commerce of China, the investigation authorities preliminarily ruled that the dumping of imported caprolactam (CPL) originating in the EU and the United States was between 4.3-25.5%, due to China's CPL

Anti-dumping

It has been preliminarily ruled that the Taiwan nylon industry, including Li Peng (1447) and Ji Sheng (1455), is expected to benefit.

The industry said that after the adoption of the anti-dumping case, the cost of China's Nylon industry will be increased, and Taiwan will be able to raise its competitiveness in the future because of its low tax rate.

Since January 25th, Chinese traders have to provide the Chinese customs with the corresponding margin from the lowest 4.3% to the highest 25.5%, and the cost of the nylon industry will be substantially higher in the future, under the margin plus tariff, the industry said.

According to legal persons, China currently levying 7% tariffs on CPL.

Nylon grain

The duty rate is 6.5%, and Taiwan nylon grain is also subject to an anti-dumping duty of 4.3%.

In this anti-dumping case, the European and American manufacturers are subject to different margin ratios. Taiwan manufacturers will have a relatively low price advantage, and the fastest way to turn the tide is to ferment after the Chinese New Year.

Legal person believes that Li Peng is currently the world's largest buyer of CPL, and will be in the future.

CPL

Procurement will be more bargaining advantage, which will help reduce the cost of raw materials.

Recently, the CPL spot price of nylon upstream material has exceeded the new price of $3280 per metric ton. The industry expects that the price of nylon products will go up to 3500-3600 US dollars in the future due to the continuous rise of market demand and raw material prices. The price will be raised to nearly 1 by the end of last year, and also due to a record high price. At present, Li Peng and Ji Sheng have taken the strategy of stopping, watching and listening. It is understood that the industry has gone up in order to shift the raw material market. In February, the quoted price was raised by 2 yuan per kilogram, with an average increase of about 2%.

The legal person pointed out that last year, the industry surplus and the total profit after tax were expected to be 850 million yuan, and the earnings per share were about 1.3 yuan. Jisheng had a surplus of about 800 million yuan last year and a surplus of about 1.65 yuan per share.