On February 6, the U.S. Department of Commerce issued an announcement stating that the partial lifting of anti-dumping tariffs on Chinese sweeteners, the tax rate of Shanghai Fuxing Chemical Co., Ltd., one of the top five giants in the domestic sugar refinery industry, dropped from 249.39% to 17.05%, while the tax rate of other companies was 329.33%. In other words, Shanghai Fuxing's products are expected to re-enter the United States, which was once the second largest export market for China's saccharin enterprises. This is a vital opportunity for China's saccharin enterprises after they were completely deprived of the US market by the United States in 2003 when they imposed high anti-dumping duties. Although Shanghai Fuxing, which has gotten “cheapâ€, is eager to fight for the U.S. market, it is hard to say whether the Chinese saccharine companies can get rid of the anti-dumping nightmare.
Saccharin is a typical fine chemical product. It is mainly used in beverages, seasonings, and diagnostic drugs. It is widely used in electroplating industry and cosmetics production. Currently in the international market, except for a small amount of production in the United States, South Korea, etc., China has become the largest saccharin producer and exporter in the world, and 70 to 80% of its output is supplied to foreign markets. According to the laws of general international trade, there is such a large market share that there should be a considerable price discourse, and even a high profit can be obtained through market monopoly. However, China's saccharin products have been chased by anti-dumping.
Saccharin is China's first anti-dumping product. Due to the low price, as early as 1979, China's saccharin enterprises suffered an anti-dumping investigation in the EU. Since then, Chinese saccharin enterprises have been constantly plagued by anti-dumping. In 1993, the only PMC company producing saccharin in the United States filed an anti-dumping lawsuit against the US government for saccharine exporters. The US Department of Commerce finally ruled that Chinese companies dumped and imposed anti-dumping duties of 160.68% to 276.62%. After being defended by domestic companies, the International Trade Center (ITC) jointly set up by the United Nations Conference on Trade and Development and the WTO won the lawsuit and won without damage. However, on July 11, 2002, PMC Corporation again filed an anti-dumping investigation application for China Saccharin. On May 20, 2003, the United States announced the final result and imposed anti-dumping duties ranging from 79% to 363.22% on related enterprises in China. Therefore, China's saccharin enterprises have completely lost the US market as the second largest market. After losing the US market, India has become China's second largest export market for saccharin. According to the statistics, by 2004, China's exports of saccharin to India had reached 1749.36 tons, which exceeded the initial export volume of the United States market. On July 4 last year, the Ministry of Commerce and Industry of India issued an announcement announcing the anti-dumping investigation against saccharin products from China. The survey is still underway and how difficult the results are.
These constant anti-dumping actions have had a huge impact on the export of Chinese sweeteners. According to customs statistics, from January to June 2005, China's exports of saccharin amounted to 8,159 tons, which was a year-on-year drop of 22.45%; the export amount was US$23.69 million, a year-on-year decrease of 17.06%.
Why can China's saccharin production enterprises, which could have monopolized the international market, be frequently dumped?
It should be said that there are still many restrictions imposed on saccharine exporters. The Minister of Exports of Tianjin Northern Foods Co., Ltd., one of the five largest manufacturers of refined saccharin in the country, told reporters that objectively speaking, in order to eliminate the disorderly competition of saccharine export enterprises, the country has already adopted a quota system and export price for saccharin exports. system. If enterprises with quotas exceed the export volume in the previous year, they will cut their quotas for the same amount in the next year; the declaration prices of enterprises must comply with relevant regulations. In addition, in 2003, China's five largest manufacturers of sweeteners established the saccharin branch under the China Chamber of Commerce for the Import and Export of Medicinal Products, aiming at export self-discipline and avoiding Chinese enterprises fratricide in the international market.
However, due to the lack of effective penalties for companies that violate the regulations, both in terms of high output and limited sales in the domestic market, it is difficult for both the association supervision and government supervision to restrain the price war of the company. "So far, apart from deducting quotas, no one company has been punished for price wars," said Wu. Therefore, there is always a breakthrough in the prices agreed upon by companies at the time of the sale, and international users will use the prices that have been breached to pressure other manufacturers. However, the prices stipulated by the state are only reflected in the declaration, and the actual transaction price is still getting lower and lower.
When the reporter interviewed some of China's major manufacturers of sweeteners in this regard, we all publicly pushed the responsibility for low-cost competition to other companies. At present, only Shanghai Fuxing Chemical Co., Ltd. can export at the highest price. According to reports, this is the only joint venture in the industry.
In fact, the industrial concentration of domestic exports of saccharin is high. According to statistics, in the first half of 2005, a total of 74 enterprises across the country operated saccharin exports, and the five state-designated manufacturing enterprises ranked the top five in terms of export value, and the total number of exports reached 7,275 tons, accounting for 88.44% of the national export volume over the same period. . In other words, as long as the five companies join hands, the international market price is our final say. However, as far as the reporter knows, these five companies are still difficult to unite.
The price war of one's own people, others will "play" you - this is the tragedy of the saccharin enterprise.
Saccharin is a typical fine chemical product. It is mainly used in beverages, seasonings, and diagnostic drugs. It is widely used in electroplating industry and cosmetics production. Currently in the international market, except for a small amount of production in the United States, South Korea, etc., China has become the largest saccharin producer and exporter in the world, and 70 to 80% of its output is supplied to foreign markets. According to the laws of general international trade, there is such a large market share that there should be a considerable price discourse, and even a high profit can be obtained through market monopoly. However, China's saccharin products have been chased by anti-dumping.
Saccharin is China's first anti-dumping product. Due to the low price, as early as 1979, China's saccharin enterprises suffered an anti-dumping investigation in the EU. Since then, Chinese saccharin enterprises have been constantly plagued by anti-dumping. In 1993, the only PMC company producing saccharin in the United States filed an anti-dumping lawsuit against the US government for saccharine exporters. The US Department of Commerce finally ruled that Chinese companies dumped and imposed anti-dumping duties of 160.68% to 276.62%. After being defended by domestic companies, the International Trade Center (ITC) jointly set up by the United Nations Conference on Trade and Development and the WTO won the lawsuit and won without damage. However, on July 11, 2002, PMC Corporation again filed an anti-dumping investigation application for China Saccharin. On May 20, 2003, the United States announced the final result and imposed anti-dumping duties ranging from 79% to 363.22% on related enterprises in China. Therefore, China's saccharin enterprises have completely lost the US market as the second largest market. After losing the US market, India has become China's second largest export market for saccharin. According to the statistics, by 2004, China's exports of saccharin to India had reached 1749.36 tons, which exceeded the initial export volume of the United States market. On July 4 last year, the Ministry of Commerce and Industry of India issued an announcement announcing the anti-dumping investigation against saccharin products from China. The survey is still underway and how difficult the results are.
These constant anti-dumping actions have had a huge impact on the export of Chinese sweeteners. According to customs statistics, from January to June 2005, China's exports of saccharin amounted to 8,159 tons, which was a year-on-year drop of 22.45%; the export amount was US$23.69 million, a year-on-year decrease of 17.06%.
Why can China's saccharin production enterprises, which could have monopolized the international market, be frequently dumped?
It should be said that there are still many restrictions imposed on saccharine exporters. The Minister of Exports of Tianjin Northern Foods Co., Ltd., one of the five largest manufacturers of refined saccharin in the country, told reporters that objectively speaking, in order to eliminate the disorderly competition of saccharine export enterprises, the country has already adopted a quota system and export price for saccharin exports. system. If enterprises with quotas exceed the export volume in the previous year, they will cut their quotas for the same amount in the next year; the declaration prices of enterprises must comply with relevant regulations. In addition, in 2003, China's five largest manufacturers of sweeteners established the saccharin branch under the China Chamber of Commerce for the Import and Export of Medicinal Products, aiming at export self-discipline and avoiding Chinese enterprises fratricide in the international market.
However, due to the lack of effective penalties for companies that violate the regulations, both in terms of high output and limited sales in the domestic market, it is difficult for both the association supervision and government supervision to restrain the price war of the company. "So far, apart from deducting quotas, no one company has been punished for price wars," said Wu. Therefore, there is always a breakthrough in the prices agreed upon by companies at the time of the sale, and international users will use the prices that have been breached to pressure other manufacturers. However, the prices stipulated by the state are only reflected in the declaration, and the actual transaction price is still getting lower and lower.
When the reporter interviewed some of China's major manufacturers of sweeteners in this regard, we all publicly pushed the responsibility for low-cost competition to other companies. At present, only Shanghai Fuxing Chemical Co., Ltd. can export at the highest price. According to reports, this is the only joint venture in the industry.
In fact, the industrial concentration of domestic exports of saccharin is high. According to statistics, in the first half of 2005, a total of 74 enterprises across the country operated saccharin exports, and the five state-designated manufacturing enterprises ranked the top five in terms of export value, and the total number of exports reached 7,275 tons, accounting for 88.44% of the national export volume over the same period. . In other words, as long as the five companies join hands, the international market price is our final say. However, as far as the reporter knows, these five companies are still difficult to unite.
The price war of one's own people, others will "play" you - this is the tragedy of the saccharin enterprise.
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