China’s Commerce Ministry: To conduct anti-dumping probe some US chloride products imports

Dhwani Mehta FXStreet

In a statement released on Friday, China’s Commerce Ministry said that they will conduct an anti-dumping investigation on imports of some chloride products from the US, starting September 25.

The probe is at the request of domestic producers and would normally last for a year, but it could be extended to March 25, 2022, the Commerce Ministry added.

Earlier this month, the Ministry launched an anti-subsidy probe on certain glycol ethers imports from the US, effective from September 14.

Beijing, however, maintains that these investigations have nothing to do with the US-Sino trade deal.

Market reaction

AUD/USD is trying hard to extend the recovery from two-month lows of 0.7016, with the US dollar stalling its recent bullish momentum.

At the press time, the aussie trades 0.07% higher at daily highs of 0.7062.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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