Market News

    China says to impose anti-dumping tax on nitrile rubber from Japan, S. Korea

    BEIJING, Nov 8 (Reuters) - * China’s Ministry of Commerce on Thursday said it would impose anti-dumping tax on nitrile rubber products imported from Japan and South Korea.

    * Ministry says the anti-dumping tax rates vary from as low as 12 percent to as high as 56.4 percent and will take effect on Friday.

    * Nitrile rubber is used in automotive and aeronautical industries to make hoses and seals.

    Source: Reuters