COMMISSION IMPLEMENTING REGULATION (EU) 2024/2673
of 11 October 2024
imposing a provisional anti-dumping duty on imports of glass fibre yarns originating in the People’s Republic of China
1.
PROCEDURE
1.1.
Initiation
1.2.
Registration of imports
1.3.
Interested parties
1.4.
Sampling
1.5.
Individual examination and individual margin
1.6.
Questionnaire replies and verification visits
1.7.
Investigation period and period considered
2.
PRODUCT UNDER INVESTIGATION, PRODUCT CONCERNED AND LIKE PRODUCT
2.1.
Product under investigation
2.2.
Product concerned
2.3.
Like product
3.
DUMPING
3.1.
Procedure for the determination of the normal value under Article 2(6a) of the basic Regulation
3.2.
Normal value
3.2.1.
Existence of significant distortions
3.2.2.
Representative country
3.2.3.
Conclusion
3.2.4.
Sources used to establish undistorted costs
3.2.4.1. Factors of production
Factor of Production |
Commodity Code |
Undistorted value |
Source of data |
Raw materials |
|||
Silica flour |
2506 10 |
0,566 CNY/kg |
Global Trade Atlas (‘GTA’)(43) / MacMap(44) for Malaysia |
Kaolin clay |
250700800012 |
1,87 CNY/kg |
GTA / MacMap for Türkiye |
Ground colemanite |
2528 00 |
4,02 CNY/kg |
GTA / MacMap for Malaysia |
Fluorite (Fluorspar) |
2529 22 |
5,23 CNY/kg |
GTA / MacMap for Türkiye |
Epoxy lotion |
3907 30 |
26,808 CNY/kg |
GTA / MacMap for Türkiye |
Platinum |
7110 11 |
224 880 CNY/kg |
GTA / MacMap for Türkiye |
Rhodium |
7110 31 |
1 105 006 CNY/kg |
GTA / MacMap for Türkiye |
Consumables |
|||
Labour |
|||
Labour |
N/A |
59,96 CNY/hour |
The Turkish Statistical Institute |
Energy |
|||
Electricity |
N/A |
0,89 CNY/kWh |
The Turkish Statistical Institute |
Natural gas |
N/A |
4,11 CNY/m3 |
The Turkish Statistical Institute |
Liquefied Natural Gas (LNG) |
N/A |
6,02 CNY/kg |
The Turkish Statistical Institute |
Steam |
N/A |
124,25 CNY/GJ |
The Turkish Statistical Institute |
Water |
N/A |
4,96 CNY/m3 |
Presidency of the Republic of Türkiye Investment Office |
3.2.4.2. Raw materials
3.2.4.3. Labour
3.2.4.4. Electricity
3.2.4.5. Natural gas
3.2.4.6. Liquefied Natural Gas (‘LNG’)
3.2.4.7. Steam
3.2.4.8. Water
3.2.4.9. Manufacturing overhead costs, SG&A, profits
3.2.5.
Calculation of the normal value
3.2.6.
Export price
3.2.7.
Comparison
3.2.7.1. Adjustments made to the normal value
3.2.8.
Adjustments made to the export price
3.2.8.1. Dumping margins
Company |
Provisional dumping margin |
Henan Guangyuan New Material Co., Ltd. |
26,3 % |
Company |
Provisional dumping margin |
Henan Guangyuan New Material Co., Ltd. |
26,3 % |
All other imports originating in China |
56,1 % |
4.
INJURY
4.1.
Definition of the Union industry and Union production
4.2.
Determination of the relevant Union market
4.3.
Union consumption
|
2020 |
2021 |
2022 |
Investigation period |
||
Total Union consumption |
[120 000 – 140 000 ] |
[133 000 – 153 000 ] |
[158 000 – 178 000 ] |
[98 000 – 118 000 ] |
||
Index |
100 |
111 |
128 |
83 |
||
Captive market |
[70 000 – 80 000 ] |
[73 000 – 83 000 ] |
[73 000 – 83 000 ] |
[58 000 – 68 000 ] |
||
Index |
100 |
105 |
104 |
83 |
||
Free market |
[50 000 – 60 000 ] |
[60 000 – 70 000 ] |
[85 000 – 95 000 ] |
[40 000 – 50 000 ] |
||
Index |
100 |
119 |
162 |
85 |
||
|
4.4.
Imports from the country concerned
4.4.1.
Volume and market share of the imports from the country concerned
|
2020 |
2021 |
2022 |
Investigation period |
||
Volume of imports from China (tonnes) |
10 654 |
14 283 |
30 892 |
15 163 |
||
Index |
100 |
134 |
290 |
142 |
||
Market share |
[15 % – 25 %] |
[20 % – 30 %] |
[30 % – 40 %] |
[30 % – 40 %] |
||
Index |
100 |
113 |
179 |
168 |
||
|
4.4.2.
Prices of the imports from China and price undercutting
|
2020 |
2021 |
2022 |
Investigation period |
||
Import prices from China |
1 363 |
1 624 |
2 163 |
1 720 |
||
Index |
100 |
119 |
159 |
126 |
||
|
4.5.
Economic situation of the Union industry
4.5.1.
General remarks
4.5.2.
Macroeconomic indicators
4.5.2.1. Production, production capacity and capacity utilisation
|
2020 |
2021 |
2022 |
Investigation period |
||
Production volume (tonnes) |
[100 000 – 120 000 ] |
[100 000 – 120 000 ] |
[100 000 – 120 000 ] |
[80 000 – 100 000 ] |
||
Index |
100 |
104 |
104 |
78 |
||
Production capacity (tonnes) |
[130 000 – 150 000 ] |
[130 000 – 150 000 ] |
[130 000 – 150 000 ] |
[130 000 – 150 000 ] |
||
Index |
100 |
102 |
102 |
107 |
||
Capacity utilisation |
[80 % –90 %] |
[80 % –90 %] |
[80 % –90 %] |
[60 % –70 %] |
||
Index |
100 |
103 |
102 |
73 |
||
|
4.5.2.2. Sales volume and market share
|
2020 |
2021 |
2022 |
Investigation period |
||
Sales volume on the Union market (tonnes) |
[20 000 – 40 000 ] |
[20 000 – 40 000 ] |
[20 000 – 40 000 ] |
[10 000 – 30 000 ] |
||
Index |
100 |
102 |
104 |
74 |
||
Market share |
[40 -50 %] |
[35 -45 %] |
[25 -35 %] |
[35 -45 %] |
||
Index |
100 |
85 |
64 |
88 |
||
|
4.5.2.3. Growth
4.5.2.4. Employment and productivity
|
2020 |
2021 |
2022 |
Investigation period |
||
Number of employees (FTE) |
[1 200 – 1 400 ] |
[1 200 – 1 400 ] |
[1 200 – 1 400 ] |
[1 200 – 1 400 ] |
||
Index |
100 |
103 |
103 |
95 |
||
Productivity (tonnes/employee) |
[80 – 100 ] |
[80 – 100 ] |
[80 – 100 ] |
[70 – 90 ] |
||
Index |
100 |
101 |
101 |
82 |
||
|
4.5.2.5. Magnitude of the dumping margin and recovery from past dumping
4.5.3.
Microeconomic indicators
4.5.3.1. Prices and factors affecting prices
|
2020 |
2021 |
2022 |
Investigation period |
||
Average unit sales price in the Union on the total market (EUR/ tonne) |
[1 500 – 1 600 ] |
[1 700 – 1 800 ] |
[2 400 – 2 500 ] |
[2 150 – 2 250 ] |
||
Index |
100 |
111 |
154 |
141 |
||
Unit cost of production (EUR/ tonne) |
[1 190 – 1 240 ] |
[1 300 – 1 350 ] |
[1 800 – 1 850 ] |
[2 280 – 2 330 ] |
||
Index |
100 |
110 |
151 |
191 |
||
|
4.5.3.2. Labour costs
|
2020 |
2021 |
2022 |
Investigation period |
||
Average labour costs per employee (EUR) |
[23 000 – 26 000 ] |
[24 000 – 27 000 ] |
[28 000 – 31 000 ] |
[31 000 – 34 000 ] |
||
Index |
100 |
105 |
118 |
130 |
||
|
4.5.3.3. Inventories
|
2020 |
2021 |
2022 |
Investigation period |
||
Closing stocks (tonnes) |
[4 500 – 5 500 ] |
[4 500 – 5 500 ] |
[7 500 – 8 500 ] |
[4 500 – 5 500 ] |
||
Index |
100 |
104 |
172 |
113 |
||
Closing stocks as a percentage of production |
[4 %-5 %] |
[4 %-5 %] |
[6 %-7 %] |
[5 %-6 %] |
||
Index |
100 |
100 |
164 |
144 |
||
|
4.5.3.4. Profitability, cash flow, investments, return on investments and ability to raise capital
|
2020 |
2021 |
2022 |
Investigation period |
||
Profitability of sales in the Union to unrelated customers (% of sales turnover) |
[13 % –17 %] |
[13 % –17 %] |
[16 % –18 %] |
[(-22 %) – (-18 %)] |
||
Index |
100 |
98 |
111 |
- 129 |
||
Cash flow (EUR) |
[20 000 000 – 23 000 000 ] |
[20 000 000 – 23 000 000 ] |
[20 000 000 – 23 000 000 ] |
[6 000 000 – 8 000 000 ] |
||
Index |
100 |
96 |
104 |
31 |
||
Investments (EUR) |
[15 000 000 – 16 000 000 ] |
[21 000 000 – 23 000 000 ] |
[21 000 000 – 23 000 000 ] |
[14 000 000 – 15 000 000 ] |
||
Index |
100 |
145 |
141 |
91 |
||
Return on investments |
[1 % –3 %] |
[1 % –3 %] |
[3 % –5 %] |
[(-4 %) – (-3 %)] |
||
Index |
100 |
106 |
175 |
- 120 |
||
|
4.6.
Conclusion on injury
5.
CAUSATION
5.1.
Effects of the dumped imports
5.2.
Effects of other factors
5.2.1.
Imports from third countries
Country |
|
2020 |
2021 |
2022 |
Investigation period |
||
Taiwan |
Volume (tonnes) |
7 821 |
10 725 |
17 713 |
6 702 |
||
|
Index |
100 |
137 |
226 |
86 |
||
|
Market share |
14 % |
16 % |
20 % |
14 % |
||
|
Average price (EUR/tonne) |
1 594 |
1 841 |
2 421 |
1 954 |
||
|
Index |
100 |
115 |
152 |
123 |
||
Mexico |
Volume (tonnes) |
3 446 |
4 194 |
6 504 |
1 715 |
||
|
Index |
100 |
122 |
189 |
50 |
||
|
Market share |
6 % |
6 % |
7 % |
4 % |
||
|
Average price (EUR/tonne) |
1 615 |
1 839 |
2 641 |
2 814 |
||
|
Index |
100 |
114 |
164 |
174 |
||
Total of all third countries except China |
Volume (tonnes) |
19 574 |
26 114 |
32 499 |
12 938 |
||
|
Index |
100 |
133 |
166 |
66 |
||
|
Market share |
36 % |
40 % |
36 % |
28 % |
||
|
Average price (EUR/tonne) |
2 338 |
2 722 |
3 579 |
5 121 |
||
|
Index |
100 |
116 |
153 |
219 |
||
|
5.2.2.
Export performance of the Union industry
|
2020 |
2021 |
2022 |
Investigation period |
||
Export volume (tonnes) |
[12 000 – 13 000 ] |
[10 000 – 11 000 ] |
[9 000 – 10 000 ] |
[6 000 – 7 000 ] |
||
Index |
100 |
87 |
79 |
54 |
||
Average price (EUR/tonne) |
[1 550 – 1 600 ] |
[1 700 – 1 750 ] |
[2 650 – 2 700 ] |
[2 340 – 2 390 ] |
||
Index |
100 |
109 |
171 |
150 |
||
|
5.2.3.
Consumption
5.2.4.
Captive use
5.2.5.
Increase in cost of production
Unit cost of production (EUR/ tonne) |
[1 190 – 1 240 ] |
[1 300 – 1 350 ] |
[1 800 – 1 850 ] |
[2 280 – 2 330 ] |
Index |
100 |
110 |
151 |
191 |
5.3.
Conclusion on causation
6.
LEVEL OF MEASURES
6.1.
Injury margin
Company |
Dumping margin |
Injury margin |
Henan Guangyuan |
26,3 % |
129,9 % |
All other imports originating in China |
56,1 % |
182,2 % |
6.2.
Conclusion on the level of measures
Company |
Provisional anti-dumping duty |
Henan Guangyuan |
26,3 % |
All other imports originating in China |
56,1 % |
7.
UNION INTEREST
7.1.
Interest of the Union industry
7.2.
Interest of unrelated importers
7.3.
Interest of users
7.4.
Conclusion on Union interest
8.
PROVISIONAL ANTI-DUMPING MEASURES
Company |
Provisional anti-dumping duty |
Henan Guangyuan New Material Co., Ltd. |
26,3 % |
All other imports originating in China |
56,1 % |
9.
INFORMATION AT PROVISIONAL STAGE
10.
FINAL PROVISIONS
Article 1
Company |
Provisional anti-dumping duty |
TARIC additional code |
Henan Guangyuan New Material Co., Ltd. |
26,3 % |
89 FV |
All other imports originating in the People’s Republic of China |
56,1 % |
8 999 |