Solvent importers now face deposits

Chinese importers of the solvent methyl ethyl ketone have to pay anti-dumping deposits as of Thursday to offset damages caused by MEK producers in Japan, Taiwan and Singapore.

The move follows a preliminary ruling made by the Ministry of Commerce, saying MEK exports from Japan, Taiwan and Singapore have inflicted losses to local manufacturers. The cash deposits are charged by China's customs authorities in accordance with the dumping margins of different producers, which range from 9.6 percent to 66.45 percent. China is expected to consume 240,000 tons of MEK next year.