India finalises five-year anti-dumping duties for PP imports

23 November 2010 03:55  [Source: ICIS news]

SINGAPORE (ICIS)--The Indian government has finalised the anti-dumping (ADD) duties for polypropylene (PP) imports from Saudi Arabia, Oman and Singapore, a trader quoting an official notification said late on Monday.

The ADD tariff would be levied for a period of five years from the start of the provisional anti-dumping duty imposed by the government on 30 July last year, stated the notification by India's Ministry of Finance, Department of Revenue.

The duties range from $28.49-323.50/tonne (€20.79-236.15/tonne), which are much lower than the provisional tariffs announced in July last year, according to the notification. (please see table below)

Among the producers affected by the ADD duties on PP products are Singapore-based ExxonMobil Chemical Asia Pacific, Saudi Yanbu Petrochemical Company and Saudi Polyolefins Company.

An Indian government gazette earlier on 23 August this year said that it found PP imports from Saudi Arabia, Oman and Singapore to have been “below their associated normal values”, according to a government document obtained by ICIS.

“The domestic industry had suffered material injury in respect of the subject goods and the material injury had been caused by the dumped imports of the subject goods from the subject countries,” it added.

The ADD tariff would be applicable to homo-polymers of propylene and copolymers of propylene and ethylene.

Serial

No

Country of Origin

Country of Exports

Producer

Exporter

Duty Amount

($) / tonne

1

Oman

Oman

Oman Polypropylene LLC

Oman Polypropylene LLC

67.68

2

Oman

Oman

Any combination other than as specified at serial number 1

 

241.82

3

Oman

Any other than Oman

Any

Any

241.82

4

Any country other than countries attracting ADD

Oman

Any

Any

241.82

5

Saudi Arabia

Saudi Arabia

Advanced Polypropylene Co

Vinmar International Ltd, USA

166.20

90

6

Saudi Arabia

Saudi Arabia

Saudi Polyolefins Co

National Petrochemical Industrialization Marketing Company

89.23

7

Saudi Arabia

Saudi Arabia

Saudi Polyolefins Co

Basell International Trading FZE

51.16

8

Saudi Arabia

Saudi Arabia

Saudi European Petrochemical Company

Saudi Basic Industries Corporation

171.97

9

Saudi Arabia

Saudi Arabia

Saudi Yanbu Petrochemical Company

Saudi Basic Industries Corporation

87.86

10

Saudi Arabia

Saudi Arabia

Saudi Yanbu Petrochemical Company

Exxon Mobil Chemical Asia Pacific

177.56

11

Saudi Arabia

Saudi Arabia

Any other combination other than as specified at serial numbers 5 to 10

 

322.57

12

Saudi Arabia

Any other than Saudi Arabia

Any

Any

322.57

13

Any country other than countries attracting ADD

Saudi Arabia

Any

Any

322.57

14

Singapore

Singapore

The Polyolefin Company (Singapore)

Sumitomo Corporation Asia

121.28

15

Singapore

Singapore

The Polyolefin Company (Singapore)

Toyota Tsusho (Singapore)

295.09

16

Singapore

Singapore

The Polyolefin Company (Singapore)

Marubeni Chemical Asia Pacific

Nil

17

Singapore

Singapore

The Polyolefin Company (Singapore)

Itochu Plastics

Nil

18

Singapore

Singapore

The Polyolefin Company (Singapore)

Sumitomo Corporation Asia

28.49

19

Singapore

Singapore

Exxon Mobil Chemical Asia Pacific

Exxon Mobil Chemical Asia Pacific

38.77

20

Singapore

Singapore

Exxon Mobil Chemical Asia Pacific

Mitsubishi Chemical Thailand

Nil

21

Singapore

Singapore

Any combination other than as specified at serial numbers 14 to 20

 

323.50

22

Singapore

Any other than Singapore

Any

Any

323.50

23

Any country other than countries attracting ADD

Singapore

Any

Any

323.50

 Additional reporting by Prema Viswanathan

($1 = €0.73)

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By: Nurluqman Suratman



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