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(Arabian Business) -- Saudi
Arabia’s petrochemical exports will continue to grow in 2011, even as Turkey and
Pakistan investigate some products for possible violations of anti-dumping
rules, a Saudi industry official said.
Demand in Asia for Saudi petrochemicals exceeded the available supply in
the fourth quarter of 2010 and will continue to do so in the first quarter of
this year, Abdul Rahman Al Zamil, the head of the country’s Export Development
Centre, said in a telephone interview yesterday. The Riyadh-based centre
promotes the country’s non-oil exports.
India imposed a 6.5 percent anti-dumping duty in November on polypropylene exported by Saudi Basic Industries Corp
and two other Saudi Arabian companies because it believes they benefit unfairly
from government subsidies. China decided in November, after a yearlong
investigation, not to impose anti-dumping duties on Saudi shipments of
methanol.
mrcplast.com
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