November 15, 2024 – The U.S. Department of Commerce has recently issued a preliminary antidumping determination regarding imports of epoxy resins from China, India, South Korea, Thailand, and Taiwan, China.
The preliminary findings reveal that Chinese producers or exporters face a dumping margin of up to 354.99%, with the cash deposit rate reduced to 344.45% after offsetting subsidies. Indian producers or exporters, on the other hand, have been found to have dumping margins ranging from 12.01% to 15.68%, with cash deposit rates varying from 0% to 10.52% after subsidies. For South Korean producers or exporters, the dumping margin ranges from 16.02% to 24.65%, while Thailand faces a margin of 5.59%. Taiwanese producers or exporters have been preliminarily determined to have dumping margins between 9.43% and 20.61%.
The U.S. Department of Commerce anticipates that the final antidumping determination for products from mainland China will be made on January 21, 2025. For products from India, South Korea, Thailand, and Taiwan, China, the final determination is scheduled for March 27, 2025. The products involved in this case are classified under U.S. Harmonized Tariff Schedule code 3907.30.0000.
According to Color Masterbatch Industry News, the origins of this case can be traced back to April 23, 2024, when the U.S. Department of Commerce announced the initiation of concurrent antidumping and countervailing duty investigations on epoxy resin products from mainland China, India, and South Korea. For imports from Thailand, only an antidumping investigation was initiated. Additionally, an antidumping investigation was also commenced for epoxy resins from Taiwan, China. These actions underscore the U.S.’s heightened focus on market access and fair competition issues concerning imported epoxy resin products.