China slaps ADD on PTA imports from S Korea, Thailand

12 August 2010 06:24  [Source: ICIS news]

SHANGHAI (ICIS)--China will impose anti-dumping duties (ADD) of 2%-20.1% on purified terephthalic acid (PTA) imports from South Korea and Thailand for five years from 12 August, the country’s Ministry of Commerce said on Thursday.

The government body said that dumping of imports from South Korea and Thailand had been seriously hurting China’s domestic PTA industry.

While PTA imports from South Korea would be levied an ADD in the range of 2%-11.2%, major Korean producers Samsung Petrochemical, KP Chemical and Sam Nam had their rates cut by 0.5-1.4 percentage points. 

PTA producers in Thailand would be required to pay between 6.0%-20.1% in ADD, which was much higher than expected, market players said. (Please see the table)  

China had been levying a provisional ADD on PTA imports from these two countries since 3 February when it launched its investigations into dumping activities following complaints from three domestic producers.

Apart from PTA, China would not levy ADD on other terephthalic acid products and would return any provisional ADD paid by the companies for these products during the investigation stage, the ministry said.

Country	Company	Finalised ADD, %	Provisional ADD, %
South Korea	Hyosung Corporation	2.6	2.7
	Samsung Petrochemical Company Limited	2.0	3.4
	SK Petrochemical Co., Ltd	11.2	3.5
	Samnam Petrochemical Co., LTD	3.7	4.2
	KP Chemical Corp	2.0	2.9
	Taekwang Industrial Co	2.4	2.4
	All others	11.2	11.2
Thailand	Indorama Petrochem Limited	16.9	18.9
	Siam Mitsui PTA Co., Ltd	6.0	12.2
	TPT Petrochemicals Public Company Limited	12.9	18.5
	All others	20.1	20.1

With additional reporting by Becky Zhang in Singapore

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By: Judith Wang
+65 6780 4359

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