23 January 2012 19:13 [Source: ICIS news]
LONDON (ICIS)--The European Commission should renew an anti-dumping duty (ADD) on US-originated ethanolamines material after the current measures expired on 22 January, EU domestic producers said on Monday.
The Commission gave a notice of initiation of an expiry review in the Official Journal of the European Union on 21 January. The investigation should be concluded within 15 months – during which time, the current duties will remain in place.
A request for review had been lodged on 21 October 2011 by three European manufacturers, which fear the expiry of the tariffs might lead to a continuation of dumping and consequent injury to EU industry.
The Commission said in its 21 January notice that the dumping margin – calculated by comparing domestic prices in the country concerned with the export prices to the EU of the relevant product – is large enough to justify a review.
“We are confident that the current dumping duties will be prolonged after the investigation period,” one major European producer said.
Evidence provided by chemicals manufacturers Germany-based BASF, Switzerland-headquartered INEOS Europe and Hamburg-based Sasol Germany – which together comprise more than 50% of EU production – shows that the volumes and prices of the imported products concerned have continued to have a negative impact on the prices charged by EU suppliers.
“The fact that it is going into the review phase is a success,” said one producer.
Duties of some form have been imposed on US manufacturers since 1994, and were most recently renewed in January 2010 – after the share of US imports in the EU market had fallen from 24% to 14% between 2005 and September 2008 – at a rate of €59.25/tonne ($46.22/tonne) on US-based Dow Chemical, €69.40/tonne on INEOS Americas and €111.25/tonne on US-headquartered Huntsman and all other companies.
The Commission had said then that US producers’ spare capacity and Chinese anti-dumping duties imposed on the US were among the reasons for continuing with the EU tariffs.
($1 = €0.78)
For more on ethanolamines visit ICIS chemical intelligence
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections