The South Korean government will impose an anti-dumping duty of up to 19.17% on Chinese butyl acrylate, a key ingredient used in adhesives and specialty plastics, starting September 28 for a period of five years.
The Ministry of Economy and Finance announced on September 1 that it has decided to levy an anti-dumping duty ranging from 8.32% to 19.17% on imports of butyl acrylate from China.
The duties will be in effect from September 28, 2026, until September 27, 2031. The ministry plans to announce the relevant regulations for public comment from September 1 to September 16 before implementing them on the 28th.
This action follows an investigation by the Trade Commission of the Ministry of Trade, Industry and Energy, which began in September 2025 after LG Chem filed a complaint regarding dumping practices. The investigation confirmed that Chinese butyl acrylate was being sold at unfairly low prices, causing significant harm to the domestic industry.
Butyl acrylate is a chemical material used in the production of adhesives and specialty plastics. As of 2024, the domestic market for butyl acrylate is estimated to be around 100 billion won, with Chinese products holding approximately 47% market share.
The government expects that the imposition of these duties will help protect the domestic industry from the adverse effects of low-priced dumping imports and rectify market distortions caused by unfair price competition.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.