“Similarly involved in the incident, seven U.S. companies such as Coquia were cut by Brazil at US$644.28 per ton, while Chinese companies such as Yantai Wanhua were at US$655.74 per ton. Obviously, they are based on the United States as the reference. The normal value of Chinese products, this decision will seriously affect the Chinese MDI manufacturers who have won with low cost advantages, Yantai Wanhua and other companies will have difficulties in the expansion of Europe and the United States!†On May 10, the Brazilian Foreign Trade Commission decided that Anti-dumping duties will be levied on crude MDI imported by China and the United States. After learning about a ruling in Brazil, the industry analysts analyzed it.
At present, only 8 companies, including Bayer, BASF and Yantai Wanhua, can produce MDI. In the domestic market, Yantai Wanhua’s share is twice as high as that of the second-tier company, and it has begun to cooperate with international giants. In terms of output, enterprises are now among the top three in the world. Some industry analysts believe that “this ruling made Yantai Wanhua the most affected for domestic companies.â€
As early as June 2011, Brazil’s Ministry of Development and Industry’s Ministry of Foreign Trade issued an announcement deciding to initiate an anti-dumping investigation against imported MDIs from the United States and China. Observers have analyzed that BASF's facilities in Asia such as South Korea, Japan, and China are very unlikely to export to Brazil due to low output and long export distances; Bayer China's 350,000-tonne device is mostly digested by Chinese and Southeast Asian countries. The company's aggregated MDI production in Brazil is about 30,000 tons, which does not exceed 50% of Brazil’s device market share. The Brazilian market is an unexplored fertile ground for Bayer; Dow and Hens, whose ambitious expansion of MDI is small Mai's export output was limited to half; Wan Hua Bo Su Hungarian equipment has not been affected for the time being, but with Wan Hua's expansion of China's MDI equipment, it is inevitable that anti-dumping investigations will be affected.
According to statistics, in 2010, China exported about 78 million tons of MDI to Brazil. In recent years, with the expansion of Yantai Wanhua and other enterprises, after the new expansion device is put into operation, a large part of the products will be exported to European and American markets. Brazil, as the largest country in South America, will have great development prospects and consumption potential. Attract more and more MDI manufacturers.
“The decision on the anti-dumping duties imposed by the Brazilian Foreign Trade Commission took effect immediately after the release of the official gazette and is expected to be introduced in the next few days. The effective period of this law is up to six months and is executed through a specific fixed exchange rate.†In order to avoid over-reliance on MDI, Yantai companies are still developing non-MDI products. Some new varieties have already made breakthroughs in the laboratory and pilot stage. In the future, there will be potential market interventions such as HDI, HMDI, TPU and polycarbonate. Good product area.
From seamless steel tubes to fasteners made of steel, from tires to hand trucks, Yantai companies have frequently encountered the “anti-dumping sticks†in Europe and America in the last three years after the financial crisis. In such a short period of time, both applications for dual anti-survey applications are invariably and unprecedentedly high in density. “The world economy needs more long-term adjustments to get out of the shadow of the international financial crisis, and trade protection tends to be difficult to reverse in the short term!†Earlier, Ma Yu, director of the Department of Foreign Affairs of the Ministry of Commerce of the People's Republic of China, said in an interview with a YMG reporter that facing the current severe situation The situation in Yantai should be actively dealt with by relevant companies, while striving to achieve diversification of the market structure, and strive to minimize the risk.
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