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Latest News

China ends methanol dispute with Saudi -paper

Both China and India launched anti-dumping probes of Gulf firms.

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October 27, 2010 2:35 by



China will not impose anti-dumping duties on imports of methanol from Saudi Arabia, following an investigation into pricing, a Saudi government official said in remarks published on Wednesday.

China has ended its investigation of Saudi methanol exports, al-Riyadh newspaper quoted Mohammed bin Hamad al-Kathiri, undersecretary at the Commerce and Industry Ministry for technical affairs as saying.

Both China and India launched anti-dumping probes of Gulf firms, including Saudi Basic Industries Corp (SABIC), to assess whether methanol was being dumped into the Chinese market at below-production prices.

Anti-dumping measures against petrochemical exports taken by both countries last year interrupted trade flows and hurt businesses in the Gulf region.

(Writing by Reem Shamseddine; Editing by Jason Benham and Jane Baird)



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