On May 27 2013, China’s Ministry of Commerce (MOFCOM) announced the preliminary rulings of an ongoing anti-dumping investigation of pyridine from India and Japan. An initial sanction in the form of a security deposit is to be imposed on imported pyridine from India and Japan.

The anti-dumping investigation started on September 21, 2012 under petition from 4 domestic agrochemical companies. The preliminary ruling stated that the dumping action had led to substantial damage to the domestic industry. According to the Article 24 of the “Regulation on Anti-dumping of the People’s Republic of China”, MOFCOM decided that a security deposit on pyridine from India and Japan would be imposed from May 28, 2013.

The HS code for the levied pyridine is 29333100 under the Custom Imported and Exported Tariff of P.R. China.

Table. Margin deposits imposed on pyridine exporters to China

The ADM was mainly due to a complaint from four producers, Anhui Guoxing Biochem, Nanjing Redsun, Weifang Lvba and Nantong Ruili Chemicals. As an important intermediate for agrochemical and pharmaceutical industry, it has been sought after by Chinese agrochemical makers.  Some of the leading agrochemical producers have built their own pyridine plant in order to increase their competiveness and cost effectiveness. Nanjing Redsun and Sanonda have enjoyed substantial stock market returns in the past few months. Vertellus Specialties, the world’s largest pyridine producer headquartered in Indianapolis, formed a joint venture to expand its pyridine capacity in China late last month. 

Reference Links

• MOFCOM’s Announcement

• China MoC Accept Antidumping Complaint from Domestic Pesticide Companies