Reported 8 months ago
China's Ministry of Commerce announced that it will continue to impose anti-dumping duties on imported styrene from Taiwan, maintaining a tax rate of 3.8% to 4.2% for five years starting June 23. Taiwan's major companies have had limited exports to China this year, minimizing the impact. The Economic Ministry officials noted that Taiwan's tax rates are lower compared to South Korea and the US, and Taiwanese companies have been diversifying into other markets while focusing on high-value and low-carbon development. Styrene is a crucial organic chemical used in various products like EPS, PS, ABS, and more.
Source: YAHOO