The hottest methanol dumping incident of Saudi ent

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Last month, China announced that it would file an anti-dumping case against overseas methanol imports. Different materials require different fixture investigations, which makes some large methanol manufacturers in the world deeply passive. It was learned yesterday that some methanol production enterprises in Saudi Arabia have begun to seek to negotiate with China to solve this contradiction. This week, a delegation of Saudi trade officials and businessmen will visit China to discuss the above issues

On June 24, the Ministry of Commerce of China announced that it would investigate the dumping and dumping margin of imported methanol originating from Saudi Arabia, Malaysia, Indonesia and New Zealand, as well as the damage and degree of damage to the methanol industry in Chinese Mainland

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as the Chinese market occupies an important share in the export market of Saudi petrochemical enterprises, the launch of this anti-dumping investigation poses a certain threat to the methanol export of that country. It is reported that Saudi Arabia's annual total output of methanol is 6.2 million tons, of which 840000 tons are exported to China (estimated value in 2008 is 2billion US dollars)

for this reason, Saudi Basic Industries Corporation (SABIC), the largest exporter of methanol in Saudi Arabia, said in a recent statement that it would seek friendly solutions in view of its strong relations with China. The statement also said that "(China) has not imposed protective tariffs on Saudi methanol, and we are still negotiating to overturn the dumping allegations."

Saudi Basic Industry Company, 70% of which is owned by the Saudi government, accounts for 83% of the total output of Saudi Arabia. (source: Global polyurethane)

sipchem, another methanol producer, said last week that China had imposed import duties on methanol. The company and the Council of the Saudi chamber of Commerce and industry are urging the Saudi government to impose retaliatory tariffs on Chinese goods such as steel and plastics. However, the Saudi government has not responded to such requests

"China's anti-dumping measures against foreign countries have no political purpose, nor are they discriminatory and targeted, which need to be corrected and updated at any time. They are only measures against a certain industry, which are fully in line with the provisions of the WTO. Therefore, if Saudi Arabia takes retaliatory measures, it will violate the provisions of the WTO." Zhanghanlin, President of the China WTO Research Institute of the University of international business and economics, said in an interview with this newspaper yesterday

he believes that the way to solve the problem is for both sides to seek consultation and industrial cooperation. Specifically, both parties can control the export volume and export price of methanol in Saudi Arabia through negotiation

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