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.

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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.
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