India imposes anti-dumping duties on SK acetone
28 May 2008 08:21 [Source: ICIS news]
SINGAPORE (ICIS news)--
Korean acetone cargoes, which have not been subjected to anti-dumping duties (ADDs), will face an ADD of $67/tonne from 1 June.
The ADD on acetone products was first announced on April 2007. The duties for this year were set by the Indian Commerce Ministry on 4 January 2008.
The ADD for cargoes of various origin are as follows:
| Current Status | Final Findings |
| | $89.42/tonne |
| FPCC ( | $87.14/tonne |
| Others ( | $201.27/tonne |
| Mitsui & Co ( | $158.11/tonne |
| Sumitomo Corp ( | $147.15/tonne |
| Others ( | $ 240.06/tonne |
| Sasol (S Africa) | $141.95/tonne |
| Others (S Africa) | $179.65/tonne |
| | $213.76/tonne |
| EU | $277.85/tonne |
Acetone values remained relatively unchanged from last week, with offers heard at $1,040/tonne CFR (cost and freight)
Players said domestic prices had been hiked as the rupee had weakened by about 9% versus the US dollar. Domestic offers were now heard at Rs 55.00-55.50/kg in
Sources reported that another reason why domestic prices have risen is due to the removal of anti-dumping duties on cargoes of Korean origin.
($1 = Rs42.85)
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By: Desmond Chia
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