Inadequate penalties failed to prevent foreign products dumping neoprene companies requiring higher tax rates

Although Chinese companies successfully won the anti-dumping case against European, American, and Japanese imports of chloroprene rubber, the punitive tax rate set remains too low to effectively curb the continued dumping of foreign products in the Chinese market. Over four months after the ruling, the impact of these cheap imports is still significant for domestic producers. The leaders of Chongqing Changshou Chemical Co., Ltd., which spearheaded the anti-dumping lawsuit, and Shanxi Synthetic Rubber Group Co., Ltd. told reporters that they are gathering evidence and plan to request a higher anti-dumping duty on Japanese chloroprene rubber during the next review stage. According to Liu Yu, chairman of a major U.S. rubber company, Japanese, U.S., and EU firms have been selling neoprene rubber in China at prices below normal since 2000. As key domestic manufacturers, Changhua and Shan Oak initiated the anti-dumping lawsuits and achieved success. The Ministry of Commerce of the People’s Republic of China announced on May 10 that importers of neoprene rubber would face anti-dumping duties ranging from 2% to 151%. However, the actual tax applied was only 2% to 3%, far below the maximum rate. Japan accounts for 75% of the total neoprene imports into China, making it difficult to control the influx of dumped products. As a result, both companies continue to face severe dumping pressures. Liu Ye, a representative from the industry, stated that based on available data, the price of neoprene in Japan is over 30,000 yuan per ton, while Japanese companies are selling it much lower in China—indicating a dumping margin well above 2%. Moreover, import data shows that Japanese neoprene imports remained stable before and after the final ruling, proving that the current tax rate has had little effect in curbing dumping activities. Xu Yaping, chairman of Changshou Chemical Industry Co., Ltd., noted that although domestic prices for neoprene have risen this year, this is due to long-term increases in international oil prices, which have driven up global rubber prices. If this factor is excluded, the price of neoprene in China is nearly the same as last year. Following the Ministry of Commerce’s final decision in May, Changhua and Shan Oak did not stop their efforts. Instead, they have been actively collecting evidence to file an appeal during the mid-year review process, aiming to increase the anti-dumping duties on Japanese neoprene rubber. The CEOs of both companies emphasized that even if the penalty rates for Japanese imports are raised, the domestic market price of neoprene is unlikely to see significant fluctuations due to oversupply. They remain committed to protecting the domestic industry from unfair competition.

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