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Indian DGTR suggests imposition of ADD on PRC PET resin

August 11/2020

MOSCOW (MRC) -- Indias commerce and industry ministry recently suggested a provisional anti-dumping duty (ADD) of USD15.54- 200.66 per metric tonne (MT) on the import of polyethylene terephthalate (PET resin) from China, said Fibre2fashion.

Reliance Industries and IVL Dhunseri Petrochem Industries Pvt Ltd had filed a complaint claiming injury resulting from the alleged dumping. Petrochemicals CrudeOil Nylon6 ACN.

"Having initiated and conducted the investigation into dumping, injury and causal link in terms of the provisions laid down under the Anti-Dumping Rules, the authority is of the view that imposition of provisional duty is required to offset dumping and injury, pending completion of the investigation," the Directorate General of Trade Remedies (DGTR) said in its preliminary findings.

The probe began on October 1 last year.

According to MRC's ScanPlast report, Russia's estimated PET consumption totalled 367,720 tonnes in the first six months of 2020, up by 19% year on year. Russian companies processed 62,910 tonnes of material in June.
Author:Anna Larionova
Tags:PET-granulate, PET bottles, PET films, PET preforms, India, China, Russia.
Category:General News
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