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Chinese producers dumping refrigerant R-32 in the US, says USITC

February 12/2021

MOSCOW (MRC) -- The US International Trade Commission (USITC) voted unanimously on 10 February that imports of difluoromethane (R-32) from China are being sold in the US at less than fair value, allowing the Department of Commerce to issue an antidumping order, according to Chemweek.

The USITC will issue its final report by 23 March.

Commerce began the investigation following a petition by Arkema, the sole US producer of R-32, in January 2020. R-32, also called HFC-32, is primarily used as a component of refrigerant blends owing to its relatively low global warming potential.

Commerce issued its preliminary determination on 19 January, finding dumping margins of 161-221%, with producer Taizhou Qingsong Refrigerant New Material at the low end and Zibo Feiyuan Chemical at the high end.

As MRC reported earlier, in December 2020, Arkema announced the proposed divestment of its PMMA business to Trinseo for an enterprise value of EUR1,137 million. This project is a new step in the groups transformation, and is fully in line with Arkemas ambition to become a pure Specialty Materials player by 2024.

We remind that Arkema said in June, 2020, that it had finalized the divestment of its functional polyolefins business to SK Global Chemical. The divestment was announced last year. Arkema says the sale forms part of its strategy to refocus the groups activities on specialty materials.

According to MRC's ScanPlast report, Russia's estimated PE consumption totalled 2,220,640 tonnes in 2020, up by 2% year on year. Only shipments of low density polyethylene (LDPE) and high density polyethylene (HDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market reached 1 240,000 tonnes in 2020 (calculated using the formula: production, minus exports, plus imports, excluding producers' inventories as of 1 January, 2020).
Author:Margaret Volkova
Tags:Europe, PVC, PP, PE, petrochemistry, adhesives, MMA (metilmetakrilat), Arkema, SK Corporation, Trinseo (Styron), China, Russia, USA, South Korea.
Category:General News
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