China plans to imposing anti dumping duties on imports of Styrene monomer from South Korea.
ADD was a result of a recent petition filed by Chinese producers to decrease competition from South Korea. As per report, ADDs would be imposed any time soon.
South Korea is the largest exporter of styrene monomer to China, shipping 1.23 million mt of styrene in 2016, or 35% of China's SM imports.
China's domestic SM production stands at about 8.39 million mt/year, according to industry sources.
