U.s. Coated Paper Paper Countervailing Or Exacerbate Worries - Coated Paper - Paper Industry

March 2, 2010, the U.S

March 2, 2010, the U.S. Commerce Department said imports from China and Indonesia Coated Paper Countervailing investigations preliminary ruling, the specific countervailing duty rate: sun Paper 3.92%, Gold East Paper, JHS and other 12.83%; Indonesia TjiwiKimia and IndahKiat other business tax rate is 17.48% countervailing duty.

U.S. Department of Commerce that Chinese enterprises to enjoy preferential loans, preferential tax, and tax credits through the purchase of domestic equipment and imported equipment and other subsidies; that Indonesian companies enjoy low-cost wood resources, debt relief and government subsidies.

"Dual" Review: September 24, 2009, the United States 3 Papermaking Company and United Steel Workers in China and Indonesia Coated Paper Anti-dumping cases filed, submitted to the U.S. Department of Commerce statement of claim; November 6, the initial U.S. International Trade Commission ruled that imports of coated paper from China imposed dual (anti-dumping and countervailing) duties; March 2010 2 Day, countervailing duties announced the preliminary ruling, anti-dumping investigation results will be announced soon, dual final ruling is expected in the second half determined.

Chinese coated paper face "double reverse" mainly due to higher exports.

2005 coated paper production capacity of Domestic touch after the release of a large rapid increase in exports of coated paper, coated paper exports in 2008 970 thousand tons in China, accounting for 21% of total production; 2009 annual exports of coated paper were about 1.3 million tons, coated paper production accounts for about 25%.

As coating in large quantities, the cost advantage, China's coated paper exports there own advantages.

2009, China's coated paper exports to the U.S. about 20 million tons, in the proportion of total exports was about 15% (4% of total production), although the absolute amount is not large, but the export market compression will increase pressure on the domestic market supply and demand, after all, requires a lot of domestic exports of coated paper digestion, and the next two years, the release of large domestic coated paper production capacity. (Mid-year in February, the European Commission "European Union Official Journal" published in Bulletin, the official on China's coated paper exports to the EU initiated anti-dumping investigation)

Comparison with the present price of domestic coated paper coated with Foex Index, the spread is only 200 yuan or so, to consider shipping costs, we must lower than the original domestic export earnings, exports mainly to reduce domestic Sell Pressure, the subsidy will lead to a decline in exports of desire. We also need to focus on the future of anti-dumping tax rate to determine the impact on exports.

Gradual increase in coated paper industry worries, market competition will intensify.

Industry supply growth accelerated: Estimated 2010-2011, China's coated paper were 1 million new capacity, 120 million tons, production capacity growth rate of around 20%.

Steady increase in domestic demand: In recent years, China's coated paper consumption growth showing a more stable situation ,2006-2008, domestic consumption growth was 14.88%, 10.54% and 9.26%, expected some time in the future China's coated paper consumption growth will remain around 10%.

Global trade frictions in the background under the rapid increase in domestic exports of coated paper or would be difficult to continue the trend, which will increase the pressure on coated paper production capacity expansion.

by: gaga

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