PETROCHEMICAL MARKETS
India lifts anti-dumping duty on PP imports from Saudi Arabia / Turkey files case against Sabic over MEG exports
The news agency Bloomberg reports that India has lifted a 6.5% anti-dumping duty it had imposed on PP imports from Saudi Arabia in November 2010. The measures also extended to polypropylene imported from Oman and Singapore, which Indian authorities said at the time were undervalued and threatened domestic producers. However, Bloomberg said it remained unclear whether the removal of the tariffs also applied to Oman or Singapore.

Among the Saudi Arabian companies affected by the retroactive 30 July 2009 duty were Advanced Petrochemicals Company (Jubail / Saudi Arabia; http://advancedpetrochem.com), National Industrialisation Company (Riyadh / Saudi Arabia) as well as Sabic (Riyadh / Saudi Arabia; www.sabic.com).

While the measure may leave Saudi PP producers somewhat relieved, just a few days later Bloomberg reported that the Turkish government is bringing an anti-dumping case against Sabic’s exports of monoethylene glycol (MEG), an important PET feedstock. Sabic CEO Mohamed Al-Mady reportedly said this was the only anti-dumping case pending against his group at the moment.
09.01.2012 Plasteurope.com [221225-0]
Published on 09.01.2012

© 2001-2024 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2024 by Plasteurope.com, Bad Homburg
Date of print: 28.11.2024 03:34:14   (Ref: 944067675)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp