US Propanol to Come Under Anti-dumping Investigation by Chinese Commerce Ministry - Forex News by FX Leaders
US-China trade war

US Propanol to Come Under Anti-dumping Investigation by Chinese Commerce Ministry

Posted Tuesday, July 23, 2019 by
Arslan Butt • 1 min read

The Chinese commerce ministry is all set to investigate possible dumping of US propanol into its markets. The anti-dumping investigation will look into propanol and related products exported by the US into China in 2018, and could last up to a year or even get extended.

Just when we thought US-China trade talks were making progress, a move like this is sure to escalate tensions and possibly even disrupt the discussions. Several domestic propanol producers had submitted a formal application requesting an anti-dumping investigation to be carried out by the Commerce Ministry. These domestic companies account for 50% of China’s production of propanol and related products.

In another potentially problematic development, the US government is set to impose economic sanctions on a Chinese state-owned oil trading company for violating the US ban and purchasing crude oil from Iran. This move could further fuel tensions between US and Iran as well.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
Related Articles
Comments
0 0 vote
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments