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China Impose Antidumping duty on acrylic fiber imports from Japan, South Korea and Turkey
China's recent decision to impose antidumping duty on acrylic fiber imported from Japan, South Korea and Turkey will have limited impact on the feedstock acrylonitrile market. The Ministry of Commerce announced that importers of acrylic fiber from these countries will be required to pay a deposit to customs ranging from 6.1% to 17.8% from April 2, 2016. About 50% of acrylonitrile buyers are from the acrylic fiber industry while acrylonitrile-butadiene-styrene accounts for 30% and acrylamide 20%. A northeast Asia-based trader said that Chinese fiber makers were likely to seek more discount for ACN to offset the antidumping duty. There could be an oversupply of acrylic fiber in Japan and South Korea as a result of the antidumping duty.