Riyadh and Beijing in talks over claims of Saudi methanol dumping

The Saudi ministry of trade and industry is in talks with China over claims that Saudi exporters are selling methanol at prices below the cost of production.

Saudi Basic Industries Corporation (Sabic), the largest methanol exporter in the kingdom, said in a statement yesterday that it was seeking an amicable resolution.

Last month, China launched anti-dumping investigations into methanol imported from Saudi Arabia, Malaysia, Indonesia and New Zealand. A delegation of Saudi trade officials and businessmen is travelling to China this week to discuss the claims.