China Investigates Alleged Rubber Dumping ๐จ
The Chinese mainland has launched an anti-dumping probe targeting halogenated butyl rubber imports from Canada, Japan, and India. The move follows an application by domestic firm Zhejiang Cenway New Materials Co., Ltd., which claims foreign suppliers are undercutting local prices.
The investigation, announced Saturday by the Ministry of Commerce, will examine imports from January to December 2023. It also aims to assess industry damage over a three-year period ending in 2023. Interested parties have 20 days to register with authorities.
Why This Matters ๐๐
Halogenated butyl rubber is vital for products like tubeless tires, medical bottle stoppers, and industrial adhesives. The outcome could reshape global supply chains for automotive and pharmaceutical sectors.
While the probe is set to conclude by September 2025 (with possible extensions), businesses worldwide are bracing for ripple effects. Stay tuned as we track this trade story! ๐
Reference(s):
cgtn.com