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

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.

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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