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The newspaper recently learned that four European companies led by South Africa's Sappi have submitted their complaints to the European Commission on January 4, stating that the coated paper imported from China poses a threat to Europe's related industries. The European Commission’s late filing time is in mid-February. According to informed sources, the products involved in the case have the same product range as the US “double counter-caseâ€, and the replacement country is the United States, with an estimated dumping margin of 25%. The mandatory responding companies selected by the EU may be around three.
"It is completely follow the trend." Insiders of the China Paper Association told reporters that two months ago, the European side had this trend, when the US International Trade Commission made a preliminary ruling on the export of coated paper in China. He said that if the United States finally ruled that the damage was established and announced the tax rate, the EU is likely to follow up directly.
According to customs statistics, from January to October 2009, China exported a total of 1.094 million tons of coated paper. Among them, the export volume to the EU was 166,000 tons, an increase of 68.7%; the export to the United States was 165,000 tons, an increase of 57.7%. At present, Jindong Paper has a large number of exports, and Sun Paper and Chenming Paper also have export papers for the EU's coated paper, but they account for a relatively small proportion. Pang Fucheng, representative of Sun Paper Securities, told reporters that the total export volume of the sun's coated paper was about 70,000 tons last year. The direct impact of anti-dumping on the company is not large.
Data show that in December 2009, the import price of pulp rose by 2.5%, and the average price of waste paper rose by 5%. At present, the price of international coated paper is around US$957/ton, and the domestic price (157g) is around 7000-7200/ton.
Relevant persons of the Paper Association said that such anti-dumping investigations will have an adverse impact on the development of the paper industry. It is reported that as one of the world's largest coated paper producers, Sappi South Africa also has paper assets in China. It established a joint venture with Chenming Paper, Korea Maolin Paper Co., Ltd. and International Finance Corporation in 2004. Jiangxi Chenming Paper Co., Ltd. is mainly engaged in the production and sales of paper and cardboard (except newsprint) and homemade pulp. Among them, Sappi holds 34% of the company's shares, Chenming holds 51%, and the other two companies each hold 7.5%.
EU follows the trend of the United States to anti-dumping investigation on my coated paper
The "double-reverse" case of the US coated paper has not yet ended, and the EU has already made a fuss, and began to anti-dumping investigations on the coated paper exported from China. In the industry's view, the EU's move is more about "follow the trend", so the US Department of Commerce will have an indicator effect on the final result of the "double opposition".