COMMISSION REGULATION (EU) No 478/2010
of 1 June 2010
imposing a provisional anti-dumping duty on imports of high tenacity yarn of polyesters originating in the People’s Republic of China
1.
PROCEDURE
1.1.
Initiation
1.2.
Parties concerned by the proceeding
1.3.
Investigation period
2.
PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product concerned
2.2.
Like product
3.
SAMPLING
3.1.
Sampling of importers
3.2.
Sampling for exporting producers in the PRC
3.2.1.
Pre-selection of cooperating exporting producers
3.2.2.
Selection of the sample of cooperating exporting producers in the PRC
3.3.
Individual examination
4.
DUMPING
4.1.
General methodology
4.1.1.
Normal value
4.1.2.
Export price
4.1.3.
Comparison
4.1.4.
Dumping margin
4.2.
The PRC
4.2.1.
MET assessment
4.2.2.
Individual treatment (IT)
4.2.3.
Analogue country
4.2.4.
Normal value
4.2.4.1.
Sampled exporting producer granted MET
4.2.4.2.
Sampled exporting producers not granted MET
4.2.5.
Export Price
4.2.6.
Comparison
4.2.7.
Dumping margins
4.2.7.1.
For the sampled exporting producers
Company |
Provisional dumping margin |
||
|
9,3 % |
||
|
0 |
||
|
7,7 % |
4.2.7.2.
For other cooperating exporting producers
4.3.
Korea
4.3.1.
Normal value
4.3.2.
Export price
4.3.3.
Comparison
4.3.4.
Dumping margins
4.4.
Taiwan
4.4.1.
Normal value
4.4.2.
Export price
4.4.3.
Comparison
4.4.4.
Dumping margins
5.
UNION INDUSTRY
5.1.
Union production
5.2.
Definition of the Union industry
6.
INJURY
6.1.
Union consumption
Union consumption |
2005 |
2006 |
2007 |
2008 |
IP |
Tonnes |
221 277 |
233 969 |
265 826 |
241 258 |
205 912 |
Index |
100 |
106 |
120 |
109 |
93 |
Source: Eurostat, complaint data and questionnaire replies. |
6.2.
Imports into the Union from the countries concerned
6.2.1.
Cumulative assessment of the effects of the imports from the countries concerned
6.2.2.
Dumped imports from the PRC
Total imports from the PRC |
2005 |
2006 |
2007 |
2008 |
IP |
Volumes (tonnes) |
16 200 |
23 776 |
42 249 |
51 406 |
48 683 |
Index |
100 |
147 |
261 |
317 |
301 |
Market share |
7,3 % |
10,2 % |
15,9 % |
21,3 % |
23,6 % |
Index |
100 |
139 |
217 |
291 |
323 |
Prices (EUR/tonne) |
1 871 |
1 622 |
1 522 |
1 571 |
1 548 |
Index |
100 |
87 |
81 |
84 |
83 |
Source: Eurostat. |
6.2.2.1.
Volume, price and market share of dumped imports
Dumped imports from the PRC |
2005 |
2006 |
2007 |
2008 |
IP |
Imports (tonnes) |
|
|
|
|
|
Index |
100 |
240 |
582 |
728 |
714 |
Market share |
|
|
|
|
|
Index |
100 |
227 |
485 |
667 |
768 |
Prices (EUR/tonne) |
|
|
|
|
|
Index |
100 |
67 |
61 |
63 |
61 |
Source: Eurostat and questionnaire replies. |
6.2.2.2.
Price undercutting
6.3.
Economic situation of the Union industry
6.3.1.
Preliminary remarks
6.3.2.
Production, production capacity and capacity utilisation
|
2005 |
2006 |
2007 |
2008 |
IP |
Production (tonnes) |
145 854 |
145 916 |
144 053 |
124 807 |
94 027 |
Index |
100 |
100 |
99 |
86 |
64 |
Capacity (tonnes) |
159 813 |
159 785 |
159 101 |
154 783 |
143 784 |
Index |
100 |
100 |
100 |
97 |
90 |
Capacity Utilisation |
91 % |
91 % |
91 % |
81 % |
65 % |
Index |
100 |
100 |
100 |
88 |
72 |
Source: Questionnaire replies. |
6.3.3.
Sales volume and market share
|
2005 |
2006 |
2007 |
2008 |
IP |
Sales volume (tonnes) |
112 998 |
113 844 |
117 855 |
99 495 |
80 745 |
Index |
100 |
101 |
104 |
88 |
71 |
Market share |
51,1 % |
48,7 % |
44,3 % |
41,2 % |
39,2 % |
Index |
100 |
95 |
87 |
81 |
77 |
Source: Questionnaire replies. |
6.3.4.
Average unit prices of the Union industry
|
2005 |
2006 |
2007 |
2008 |
IP |
Average price (EUR/tonne) |
2 592 |
2 595 |
2 565 |
2 510 |
2 350 |
Index |
100 |
100 |
99 |
97 |
91 |
Source: Questionnaire replies. |
6.3.5.
Stocks
|
2005 |
2006 |
2007 |
2008 |
IP |
Stocks (tonnes) |
15 004 |
16 828 |
17 402 |
16 844 |
13 727 |
Index |
100 |
112 |
116 |
112 |
91 |
Source: Questionnaire replies. |
6.3.6.
Employment, wages and productivity
|
2005 |
2006 |
2007 |
2008 |
IP |
Employment — full-time equivalent (FTE) |
1 727 |
1 714 |
1 667 |
1 498 |
1 333 |
Index |
100 |
99 |
96 |
87 |
77 |
Labour cost (EUR/FTE) |
41 089 |
41 996 |
42 083 |
48 499 |
43 538 |
Index |
100 |
102 |
102 |
118 |
106 |
Productivity (unit/FTE) |
84,4 |
85,1 |
86,4 |
83,3 |
70,5 |
Index |
100 |
101 |
102 |
99 |
84 |
Source: Questionnaire replies. |
6.3.7.
Profitability, cash flow, investments, return on investment and ability to raise capital
|
2005 |
2006 |
2007 |
2008 |
IP |
Profitability |
3,0 % |
–0,7 % |
–1,1 % |
–11,5 % |
–13,3 % |
Index |
100 |
–22 |
–37 |
– 378 |
– 438 |
Cash flow (EUR thousand) |
15 936 |
–1 407 |
824 |
–16 311 |
–14 597 |
Index |
100 |
–9 |
5 |
– 120 |
– 141 |
Investments (EUR thousand) |
6 713 |
3 305 |
8 229 |
1 295 |
764 |
Index |
100 |
49 |
123 |
19 |
11 |
Return on investments |
12,6 % |
–29,4 % |
–15,7 % |
– 103,3 % |
– 130,6 % |
Index |
100 |
– 233 |
– 124 |
– 819 |
–1 036 |
Source: Questionnaire replies. |
6.3.8.
Growth
6.3.9.
Magnitude of the actual margin of dumping
6.4.
Conclusion on injury
7.
CAUSALITY
7.1.
Introduction
7.2.
Effect of the dumped imports
7.3.
Effect of other factors
7.3.1.
Development of the demand on the Union market
7.3.2.
Prices of raw material
7.3.3.
Captive production of the Union industry
7.3.4.
Export performance of the Union industry
7.3.5.
Imports from other third countries
Other third countries |
2005 |
2006 |
2007 |
2008 |
IP |
Imports (tonnes) |
29 940 |
30 350 |
29 035 |
21 590 |
16 478 |
Index |
100 |
101 |
97 |
72 |
55 |
Market share |
13,5 % |
13,0 % |
10,9 % |
8,9 % |
8,0 % |
Index |
100 |
96 |
81 |
66 |
59 |
Price (EUR/tonne) |
2 635 |
2 700 |
2 584 |
2 606 |
2 585 |
Index |
100 |
102 |
98 |
99 |
98 |
Source: Eurostat. |
7.3.6.
Imports from Korea and Taiwan
Total imports from Korea |
2005 |
2006 |
2007 |
2008 |
IP |
Volumes (tonnes) |
17 542 |
20 701 |
27 521 |
24 908 |
24 580 |
Index |
100 |
118 |
157 |
142 |
140 |
Market share |
7,9 % |
8,8 % |
10,4 % |
10,3 % |
11,9 % |
Index |
100 |
112 |
131 |
130 |
151 |
Prices (EUR/tonne) |
2 105 |
1 958 |
1 912 |
1 911 |
1 780 |
Index |
100 |
93 |
91 |
91 |
85 |
Source: Eurostat. |
Total imports from Taiwan |
2005 |
2006 |
2007 |
2008 |
IP |
Volumes (tonnes) |
7 343 |
7 761 |
10 285 |
11 028 |
8 163 |
Index |
100 |
106 |
140 |
150 |
111 |
Market share |
3,3 % |
3,3 % |
3,9 % |
4,6 % |
4,0 % |
Index |
100 |
100 |
117 |
138 |
119 |
Prices (EUR/tonne) |
1 968 |
1 734 |
1 608 |
1 678 |
1 687 |
Index |
100 |
88 |
82 |
85 |
86 |
Source: Eurostat. |
7.3.7.
Other producers in the Union
7.4.
Conclusion on causation
8.
UNION INTEREST
8.1.
Preliminary remark
8.2.
Union industry
8.3.
Importers
8.4.
Users
8.5.
Conclusion on Union interest
9.
NON-IMPOSITION OF DUTIES
10.
PROPOSAL FOR PROVISIONAL ANTI-DUMPING MEASURES
10.1.
Injury elimination level
10.2.
Provisional measures
Company |
Dumping margin |
Injury margin |
Zhejiang Guxiandao Industrial Fibre Co., Ltd |
9,3 % |
57,1 % |
Zhejiang Uniful Industrial Fibre Co., Ltd |
7,7 % |
57,6 % |
Zhejiang Hailide New Material Co., Ltd |
0 |
N/A |
Cooperating non-sampled companies |
8,9 % |
57,3 % |
All other companies |
9,3 % |
57,6 % |
11.
DISCLOSURE
Article 1
Company |
Duty (%) |
TARIC additional code |
Zhejiang Guxiandao Industrial Fibre Co., Ltd |
9,3 |
A974 |
Zhejiang Unifull Industrial Fibre Co., Ltd |
7,7 |
A975 |
Zhejiang Hailide New Material Co., Ltd |
0 |
A976 |
Companies listed in the Annex |
8,9 |
A977 |
All other companies |
9,3 |
A999 |
Article 2
Article 3
ANNEX
Company name |
City |
Hangzhou Huachun Chemical Fiber Co., Ltd |
Hangzhou |
Heilongjiang Longdi Co., Ltd |
Harbin |
Hyosung Chemical Fiber (Jiaxing) Co., Ltd |
Jiaxing |
Oriental Industies (Suzhou) Ltd |
Suzhou |
Shanghai Wenlong Chemical Fiber Co., Ltd |
Shanghai |
Shaoxing Haifu Chemistry Fibre Co., Ltd |
Shaoxing |
Sinopec Shanghai Petrochemical Company |
Shanghai |
Wuxi Taiji Industry Co., Ltd |
Wuxi |