Brazil approves anti-dumping duties on PET films

01 March 2012 00:06  [Source: ICIS news]

MEDELLIN, Colombia (ICIS)--Brazil approved anti-dumping duties on imports of polyethylene terephthalate (PET) sheets and films, the Brazilian foreign trade council said on Wednesday.

The Council of Ministers of Foreign Trade Chamber (Camex), chaired by the Ministry of Development, Industry and Foreign Trade (MDIC), approved duties on imports of PET films, sheets, foil and strip originating from the United Arab Emirates, Mexico and Turkey, Camex said.

International bottle-grade spot PET prices in Brazil are assessed by ICIS at $2,000-2,100/tonne (€1,480-1,554/tonne) FOB (free on board).

There is already an anti-dumping duty in place for product from India and Thailand in effect since 2008, Camex said.

PET film is utilised in electrical applications such as dielectric metal foil capacitors and for packaging.

PET producers in Mexico are DAK Americas and Indorama.

($1 = €0.74)

By: Leela Landress
+1 713 525 2653

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