China to extend anti-dumping duties on styrene

China will continue to impose anti-dumping duties on imported styrene from its Taiwan region, South Korea and the United States from June 23, with an implementation period of five years, according to information released by the Ministry of Commerce.

Styrene is a chemical extensively used in the plastics and rubber industries.

The duties range from 6.2 percent to 7.5 percent for South Korea, 3.8 percent to 4.2 percent for China's Taiwan region, and 13.7 percent to 55.7 percent for the US, said the ministry in an online notice.

The Commerce Ministry initiated a review of the anti-dumping measures on styrene imports from China's Taiwan region, South Korea and the United States in June 2023, following an application from the styrene industry in the Chinese mainland.

It was determined that if the anti-dumping measures were terminated, the dumping of styrene from the two countries and the Taiwan region could persist or reoccur, potentially harming the styrene industry in the Chinese mainland, said the notice.