NewsFlashChina finalises anti-dumping duties on Korean PTA imports

21 July 2010 08:53  [Source: ICIS news]

SINGAPORE (ICIS news)--China has finalised anti-dumping (ADD) duties on imported terephthalic acid (TA) from Korean companies slightly bringing down the existing provisional rates with effect from 1 August, market sources said on Wednesday.

Except Taekwang Petrochemical, whose ADD rates would remain unchanged at 2.4%, the other Korean purified terephthalic acid (PTA) producers had their rates cut in the range of 0.06% to 1.2%.

The new rate for (PTA) ranges between 2% to 3.74%, the sources said adding that qualified terephthalic acid (QTA) would be exempt from ADD.

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By: Becky Zhang
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