China has reduced anti-dumping duties (ADD) on imports of styrene monomer (SM) from South Korean and Taiwan, and hiked the duty on US cargoes in its final decision.
The duty to be imposed on cargoes from South Korea will be decreased to 6.2-7.5%, while cargoes from Taiwan will have a duty of 3.8-4.2%.
Whereas, cargoes originating from the US - with which it is engaged in an ever escalating trade spat - have a higher ADD of 13.7-55.7%.
The new ADD rate will be effective from 23 June, and will remain in place for the next five years.
