Announcement on the Decision Regarding the Succession of Anti-Dumping Duty Rates for Imported Copolymer POM

MOFCOM conducted an investigation and issued the decision on the succession of rates. Daicel Corporation succeeds to the 35.5% anti-dumping duty rate and other rights and obligations previously applicable to Polyplastics Co., Ltd. under the copolymer POM anti-dumping measures. Taiwan Daicel Engineering Plastics Co., Ltd. succeeds to the 3.8% anti-dumping duty rate and other rights and obligations previously applicable to Taiwan Polyplastics Co., Ltd. Copolymer POM exported to the Chinese mainland under the name of Polyplastics Co., Ltd. is subject to the 35.5% anti-dumping duty rate applicable to "other Japanese companies" under the measures. Copolymer POM exported to the Chinese mainland under the name of Taiwan Polyplastics Co., Ltd. is subject to the 32.6% anti-dumping duty rate applicable to "other Taiwan region companies" under the measures.

Reviewing the domestic POM price trends since August, the market continued the weak pattern seen at the end of July early in the month; raw materials in the upstream methanol chain fluctuated within a range, providing only a floor to costs without driving upward momentum. while anti-dumping policies raised the landed cost of competing overseas items and alleviated the impact of low-priced external supplies, domestic plant operating rates remained high with ample output. Coupled with the fact that earlier social inventories had not yet been fully digested, the reality of loose market supply remained unchanged. Brief maintenance shutdowns at some vegetation mid-month caused a temporary tightening of supply, however given the sector's massive production capacity base and short maintenance cycles, supplies were rapidly replenished. Downstream sectors—including automotive parts, hardware gears, and electronic accessories—were in a traditional off-season, limiting the discharge of orders to finished items; processing vegetation largely consumed their own inventories and showed little willingness to stock up at higher prices. While inquiries were frequent, actual transaction volumes remained insufficient, suppressing the possible to a rebound in spot prices. Product differentiation persists; general-purpose commodity grades face significant downward pressure, whereas supplies of high-end modified and wear-resistant specialty grades remain tight, with their quotes showing relative resilience.

Regarding the impact of anti-dumping policies, these measures have raised the landed cost of mainstream overseas copolymer POM and blocked the influx of low-priced general-purpose grades, efficiently ceding domestic market share to regional items—a shift confirmed by customs import and export data. However, anti-dumping policies do not immediately drive a unilateral rise in domestic prices; price strength ultimately hinges on the domestic supply-demand stability. Currently, domestic efficiently POM capacity is ample; even with reduced low-priced imports, domestic output can fill the vacated market space, meaning no contraction has occurred on the supply side. Meanwhile, the recovery of downstream end-user demand remains sluggish, lacking the conditions to extensive restocking, so policy tailwinds alone are unlikely to sustain a rise in spot prices. A sustained price rally requires a combination of substantial domestic supply contraction and a surge in demand from the downstream components sector during its peak season.

Looking ahead, while the external protection afforded by anti-dumping measures remains in the short term, the prevailing pattern of abundant domestic supply and a downstream off-season is unlikely to shift rapidly; consequently, POM spot prices will likely continue to fluctuate within a weak range. Future market trends will depend on fluctuations in methanol feedstock costs, the schedule of domestic plant maintenance and restarts, the fulfillment of overseas export orders, and the intensity of pre-emptive restocking by the automotive and hardware components sectors during the "Golden September" period. Without a substantial rebound in end-user demand, the market is unlikely to achieve a sustained, unilateral upward direction, despite the external protection provided by anti-dumping policies.