Related Keywords: China imposes anti dumping duty, Chinese authorities, highly sophisticated process, Japanese, Japanese acrylic fiber exports start plunging, leading manufacturers re evaluate production strategies, Producing acrylic fibers, raise prices at home, South Korean and Turkish companies dumping acrylic fibers, specifically targeted Japanese products
Chinese authorities reached a preliminary decision in April that Japanese, South Korean and Turkish companies were dumping acrylic fibers on the country. With the anti dumping duties imposed by China, leading manufacturers to re-evaluate their production strategies and potentially even raise prices at home due to which Japanese acrylic fiber exports have started plunging.
Toray Industries, Mitsubishi Rayon and Japan Exlan face an extra 16-18 percentage points in tariffs, about two to three times more than the duties levied on their South Korean and Turkish competitors.
