- THE PRICES CHARGED BY COSDEN AND MONSANTO FOR THEIR SALES TO THE COMMUNITY SINCE JUNE 1979 HAVE NOT BEEN BELOW NORMAL VALUE ;
WHEREAS , FOR ALL OTHER EXPORTS , THE COMMISSION ' S PRELIMINARY EXAMINATION SHOWED THAT THE EXPORT PRICE DURING THE SECOND QUARTER OF 1980 WAS BELOW NORMAL VALUE AND THAT THERE WAS A WEIGHTED AVERAGE DUMPING MARGIN OF 4 % ;
WHEREAS , WITH REGARD TO THE INJURY CAUSED BY THE DUMPED IMPORTS TO THE COMMUNITY INDUSTRY , THE EVIDENCE AVAILABLE TO THE COMMISSION DURING THE PRELIMINARY INVESTIGATION SHOWED THAT TOTAL IMPORTS OF US STYRENE MONOMER INTO THE COMMUNITY INCREASED FROM 78 800 TONNES IN 1978 TO APPROXIMATELY 51 700 TONNES FOR THE FIRST SIX MONTHS OF 1980 , AN INCREASE OF 31 % IN THE MONTHLY AVERAGE RATE OF IMPORTS ;
WHEREAS THE COMMISSION HAS TAKEN ACCOUNT OF THE FACT THAT A LARGE PART OF THE STYRENE MONOMER PRODUCTION IN THE COMMUNITY IS CONSUMED CAPTIVELY BY THE PRODUCERS THEMSELVES ; WHEREAS THE SHARE OF THE FREE , I.E . NON-CAPTIVE , MARKET HELD BY IMPORTS INCREASED FROM 17.2 % IN 1979 TO 23.6 % FOR THE FIRST SIX MONTHS OF 1980 ;
WHEREAS , SINCE NONE OF THE IMPORTERS CONCERNED WAS WILLING TO PROVIDE INFORMATION TO THE COMMISSION , THE COMMISSION WAS UNABLE TO VERIFY THE RESALE PRICES OF STYRENE OF US ORIGIN IMPORTED AT DUMPED PRICES ; WHEREAS , HOWEVER , THE AVERAGE IMPORT PRICE CIF COMMUNITY FRONTIER OF US STYRENE EXPORTED TO THE COMMUNITY BY FIRMS OTHER THAN THOSE FOUND NOT TO BE DUMPING HAS BEEN SUBSTANTIALLY BELOW THE AVERAGE SELLING PRICE OF STYRENE PRODUCED BY COMMUNITY MANUFACTURERS ; WHEREAS THE WEIGHTED AVERAGE MARGIN OF UNDERCUTTING IN THE SECOND QUARTER OF 1980 WAS 14 % , COMPARED WITH A WEIGHTED AVERAGE LEVEL OF PRICE UNDERCUTTING FOR ALL COMMUNITY IMPORTS FROM THE USA OF 10 % IN THE FIRST QUARTER OF 1980 ; WHEREAS THE INFORMATION AVAILABLE TO THE COMMISSION INDICATES THAT A LARGE PART OF THIS MARGIN CANNOT BE ACCOUNTED FOR BY IMPORTERS ' OR TRADERS ' MARK-UPS ;
WHEREAS , OWING TO THE HOMOGENEOUS NATURE OF THE PRODUCT , THE EFFECT OF THIS PRICE UNDERCUTTING HAS BEEN TO EXERCISE A SEVERE DOWNWARD PRESSURE ON COMMUNITY PRODUCERS ' RESALE PRICES ; WHEREAS THESE FELL BY UP TO 8.6 % IN THE SECOND QUARTER OF 1980 , COMPARED WITH THE FIRST QUARTER ;
WHEREAS PRODUCTION IN THE COMMUNITY IS ESTIMATED TO HAVE BEEN 14 % LOWER IN THE SECOND QUARTER OF 1980 THAN IN THE FIRST , FALLING IN JUNE 1980 TO A LEVEL 27 % BELOW THE MONTHLY AVERAGE FOR THE FIRST QUARTER AND 21 % BELOW THE MONTHLY AVERAGE FOR 1979 ; WHEREAS , HOWEVER , THE REDUCTION IN THE LEVEL OF COMMUNITY PRODUCERS ' SALES TO THE NON-CAPTIVE MARKET , WHERE THE COMPETITION FROM IMPORTED STYRENE IS FELT , HAS IN SOME CASES BEEN CONSIDERABLY GREATER ;
WHEREAS THE SHARE OF THE NON-CAPTIVE COMMUNITY MARKET FOR STYRENE HELD BY COMMUNITY PRODUCERS