Source: Trade Remedy and Investigation Bureau, Ministry of Commerce 2019-05-27-May 15th, the Gulf Cooperation Council's Technical Secretary Bureau for Anti-International Trade Damage Act released the\"Official Gazette\" and made a final decision on the case of safeguard measures for imported cement additives. Taxes will be imposed on imports exceeding 250,354 tons of annual quota, and the measures will be implemented from June 21, 2019. The tax number of the product involved is 3,824,4000, and the tax range is USD 221/ton in the first year, USD 199/ton in the second year, and USD 177/ton in the third year. The GCC member countries include: UAE, Oman, Bahrain, Qatar Kuwait, Saudi Arabia. For details, please contact the China Minmetals Chemicals Import and Export Chamber of Commerce, Tel: 010-85692781, Fax: 010-65882821. Read More

Author: Rao Xinghe Source: China Chemical Industry News October 21, 2019 passage of time, in October last year, the European petrochemical industry is still in a bull market, the market situation is particularly optimistic. A year later, the European petrochemical industry was shrouded in uncertainty. In stark contrast to last year's situation, the global economic stagnation, continued trade friction, the imminence of Brexit in the UK, and shrinking production in the European chemical industry have all added together, making the prospects for European petrochemical companies difficult.　　The economic situation is not optimistic 　　For chemical companies, the macroeconomic slump has caused a serious blow to corporate confidence, and the cautiously optimistic expectations at the beginning of the year have turned to pessimism. IHS Markit predicts that the European GDP growth rate in 2019 will be 1.1%, a decrease of 0.8 percentage points from last year.　　 Against this background, the chemical industry performed poorly. According to the German Chemical Industry Association (VCI), the second quarter of the German chemical industry Read More

Source: Trade Remedy and Investigation Bureau, Ministry of Commerce. On May 24, 2019, the Mexican Ministry of Economy issued an announcement announcing the preliminary ruling on the anti-dumping investigation against aluminum foil paper rolls and deciding to impose a temporary anti-dumping tax. The Mexican tariff number of the product in question is 76071101. The taxation method is a combination of a minimum price and separate tax rates, as follows: 1. The minimum price is 3.4817 USD/kg. When the import customs clearance price of the product involved is higher than the minimum price, no temporary anti-dumping measures shall be taken. 2. When the import customs clearance price is lower than the minimum price, the temporary anti-dumping measure is the difference between the import price and the minimum price, but the following companies are not taxed to exceed their respective temporary dumping margins: 1) Hangzhou Five Star: 0.17968 USD/kg 2) Jiangsu Zhongji: 0.6588 USD/kg 3) Boxing Ruifeng and others: 1.1634 USD/kg Read More

Source: National Bureau of Statistics October 18, 2019. In the first three quarters of 2019, the total retail sales of social consumer goods was 296674 billion yuan, a nominal increase of 8.2% year-on-year (actual increase of 6.4% after deducting price factors, the following are all nominal growth unless otherwise specified). Among them, the retail sales of consumer goods other than automobiles was 268146 billion yuan, an increase of 9.1%.　　In September, the total retail sales of social consumer goods was 344.9 billion yuan, a year-on-year increase of 7.8%. Among them, the retail sales of consumer goods other than automobiles was 31.9097 trillion yuan, an increase of 9.0%.　　According to the location of the operating unit, the retail sales of consumer goods in urban areas in the first three quarters was 253.524 billion yuan, an increase of 8.0% year-on-year; the retail sales of consumer goods in rural areas was 4.315 trillion yuan, an increase of 9.0%. Among them, the retail sales of consumer goods in urban areas in September was 2,911.2 billion yuan, an increase of 7.5% year-on-year; the retail sales of consumer goods in rural areas was 53,82 billion yuan, an increase of 9 Read More

On May 23, 2019, the Chilean Ministry of Finance released the final ruling on the anti-dumping case against China's steel grinding balls in the \"Official Daily\", deciding to impose a 5.6% ad valorem anti-dumping tax on steel grinding balls produced in China from today The measures are effective within 1 year from the date of promulgation. The customs code of the product involved is: 7326 1110. The products of Gangnuo New Materials Co., Ltd. are temporarily not in the scope of taxable products. For the case announcement, please check the following link: https://www.diariooficial.interior.gob.cl/edicionelectronica/index.php?date=23-05-2019&edition=42360 Read More

Article source: Trade Remedy Investigation Bureau of the Ministry of Commerce 2019-05-21 10:41 On May 14, 2019, the Ukraine Intersectoral International Trade Commission decided to conduct an anti-dumping investigation on hot-rolled seamless steel pipes imported from China. The tax numbers of the products involved are: 730419,730423,730429,730439,730459. Read More

Source: Ministry of Commerce On the evening of October 17, 2019, China National Chemical Engineering Group Co., Ltd. (abbreviated as China Chemical) and Gazprom, signed the Russian Baltic Chemical Complex (BCC) project FEED+EPC General contract. The project is the largest ethylene integration project in the world, and it is also the project with the largest single contract value in the global petrochemical field. The contract value is about 12 billion euros.　　 It is understood that ethylene is one of the largest chemical products in the world. The ethylene industry is the core of the petrochemical industry. Ethylene products account for more than 75% of petrochemical products. The 　　Baltic Chemical Complex (BCC) project is one of the large-scale natural gas liquefaction and processing plant projects implemented by Russian Gazprom and Gazprom in Ustruga, Russia. According to the plan, the project has an annual output of 280 Read More

Source: Trade Remedy and Investigation Bureau, Ministry of Commerce, 2019-05-20 15:185. On May 15, the Gulf Cooperation Council’s Technical Secretary Bureau for Anti-International Trade Damage Act issued the \"Official Gazette\" to make a final decision on the case of safeguard measures for imported cement additives Decided to levy taxes on imports exceeding the annual quota of 250,354 tons, the measures will be implemented from June 21, 2019. The tax number of the product involved is 3,824,4000, and the tax range is USD 221/ton in the first year, USD 199/ton in the second year, and USD 177/ton in the third year. The GCC member countries include: UAE, Oman, Bahrain, Qatar Kuwait, Saudi Arabia. For details, please contact the China Minmetals Chemicals Import and Export Chamber of Commerce, Tel: 010-85692781, Fax: 010-65882821. Read More

Author: Rao Xinghe Source: China Chemical Industry News October 14, 2019 Sinochem new network news Recently, South Korea's LG Chemical Company and the United States ADM announced that they will jointly develop biological process for industrial acrylic economy. According to a statement from both parties, LG Chem plans to build a biological high-performance water-absorbing resin (SAP) plant in North America and explore more bioplastics business opportunities.　　According to the terms of the agreement, ADM and LG Chemicals will work together to produce 100% bio-based acrylic acid from ADM corn processing raw materials to achieve economically feasible commercial production. Acrylic acid is usually produced from propylene, while bio-based acrylic acid is produced from corn syrup. As customers increasingly focus on sustainable alternative energy sources, ADM hopes to continue to push the limits and find new ways to diversify its product portfolio. ADM Chief Technology Officer ToddWerpy said: \"Through LG Read More