Countermeasures
The Korea Trade Commission announced on July 28 that it would ask the Ministry of Strategy & Finance to impose an anti-dumping duty of 20.1% to 25% for five years to come on butyl glycol ether imported from the United States and France.
Once the official request is made soon, the ministry should determine whether to impose the duty or not by December 22, 2016, one year from the beginning of the commission’s investigation on the issue. “As a result of on-site verification involving domestic and American suppliers and public hearings, it has been found that dumping has resulted in a decline in domestic shipments, a reduction in market share and some operating losses,” the commission explained.
Butyl glycol ether is an organic compound that is obtained by the use of butanol and ethylene oxide. It is used in solvents such as dyes, paints and inks, LCD stripper and the like.
The size of the South Korean butyl glycol ether market reached 37.5 billion won and 24,000 tons in 2014.