MOSCOW (MRC) -- India has imposed antidumping duty of USD48.39/mt and USD21.90/mt on caustic soda imports from South Korea and China, respectively, reported Apic-online with reference to traders.
Plans to slap antidumping duty on imports from the two countries were announced in a government notification dated June 18.
Cargoes produced by South Korea's Hanwha Chemical, and China's Shanghai Chlor-Alkali Chemical and Tianjin Dagu Chemical will not be subject to antidumping duty if imported through trading company US' Tricon Energy.
Antidumping duty will apply to all other Chinese and South Korea producers/exporters of caustic soda, sources said.
We also remind that, as MRC wrote before, last April, Indian government announced the new anti-dumping duties on PVC imports following sunset investigations. Anti-dumping duties on PVC imports expired on January 23, 2014 and they had been suspended since then as the sunset investigation was extended several times. Players reported that the Indian government has implemented anti-dumping duties on PVC imports, with the variation in duties from the same country due to the assessment of anti-dumping duties according to individual producers.
Regarding European material, the new anti-dumping duties are set as USD190/ton while imports from Ineos will be subject to duties of USD48/ton. The anti-dumping duties on US PVC imports are set as USD38/ton for Westlake Chemical and as USD119/ton for OxyChem.
MRC