BEIJING—China's ministry of commerce (MOFCOM) launched an investigation into allegations of dumping concerning halogenated butyl rubber imported to the country from the U.S., European Union and Singapore.
In a Aug. 31 statement, MOFCOM said the move was in response to an application filed by local manufacturers Zhejiang Cenway New Materials Co. Ltd. and Panjin Heyun New Materials Co. Ltd, which produce more than 50 percent of China's halogenated rubber.
The anti-dumping investigation period is from April 1, 2016 to March 31, 2017, while an investigation into industrial damages will cover the period between Jan.1, 2014 to March 31, 2017.
The applicants, MOFCOM said, claimed that indicators such as sale prices of the domestic industry, profit rate, return rate on investment and per-capita wage show a trend of deterioration, and that the domestic industry had "suffered substantial damages."
There is, they claimed, "a 'casual' relationship between the dumping of the products with the investigation applied for and the substantial damages of the domestic industry."
MOFCOM concluded that, upon examination, it believed that the application included relevant evidences required for anti-dumping investigations.