China slaps provisional ADD on Korean/Thai PTA from 3 February

02 February 2010 03:10  [Source: ICIS news]

SINGAPORE (ICIS news)--China will start levying a provisional antidumping duty (ADD) on purified terephthalic acid (PTA) imports from South Korea and Thailand starting 3 February, said the Ministry of Commerce on Tuesday.

The policy charging import duties of between 2.4%-20.1% (please see table below) would be in place for six months, while possible dumping activities were being investigated, the ministry said.

This was an extension of the antidumping investigation launched on 12 February 2009, with the Chinese authorities acting on complaints from three domestic producers. 

South Korea



Company Name

Provisional levy (from 3 February 2010)

Hyosung Corporation

2.70%

Samsung Petrochemical

3.40%

SK Petrochemicals

3.50%

Samnam Petrochemicals

4.20%

KP Chemical

2.90%

Taekwang Industrial Co

2.40%

Other South Korean Companies

11.20%


Thailand

Company Name

Provisional levy (from 3 February 2010)

Indorama

18.90%

Siam-Mitsui

12.20%

Tuntex Thailand

18.50%

Other Thai Companies

20.10%


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By: Bohan Loh
+65 6780 4359



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