India may impose anti-dumping duties on soda ash by end March
29 March 2012 10:33 [Source: ICIS news]
SINGAPORE (ICIS)--?xml:namespace>India may impose anti dumping duties (ADD) of between $2.38/tonne (€1.79/tonne) to $38.79/tonne on soda ash imports from seven countries including China, Iran, EU and Pakistan, by the end of March, local producers said on Thursday.
Soda ash imports from China will be subject to an ADD of $36.26/tonne whereas US-origin cargoes will be slapped with $38.79/tonne ADD.
Imports from Iran will be subject to $28.86/tonne while Kenyan-origin cargoes will attract ADD of $20.35/tonne or $28.86/tonne.
Soda ash from Ukraine will be levied with $15.64/tonne ADD whereas Pakistan-origin cargoes will be subject to ADD ranging from $2.38/tonne to $10.34/tonne. European Union origin cargoes will be subject to $9.17/tonne ADD.
“The ADD can come into effect any time,” a local producer said.
Offers of dense grade soda ash from China were currently available at $235-240/tonne free on board (FOB) basis, down by $10-15/tonne on the month as supply outstripped domestic demand.
India based buyers scrambled to secure import cargoes ahead of the ADD.
“People have shown interest in imports and some quantity is already on the way,” the India-based producer added.
A 5,000 tonne China origin light grade soda ash scheduled to arrive this week was booked at $285/tonne CFR (cost and freight) south India.
Meanwhile, major Chinese producers were eyeing price hikes in April on account of squeezed margins but the amount of increase has yet to be ascertained as producers were monitoring the domestic market conditions.
Soda ash is available in two grades; dense and light grades.
Glass manufacturing is the largest application for soda ash namely in the production of containers, fiberglass insulation, or flat glass for the housing, commercial building, and automotive industries.
Soda ash is also used in the production of household detergents and paper products.
Major soda ash producers in Asia include China's Qingdao Soda Ash Industrial Company Limited, Shandong Haihua, Tangshan Sanyou Chemical Industries Co Ltd, India's Gujarat Heavy Chemicals and Tata Chemicals, Kenya-based Tata Chemicals Magadi, Ukraine's Crimean Soda Plant, US-based FMC Wyoming, Inc., Tata Chemicals North America Inc. and OCI Chemicals Corporation as well as Belgium based Solvay Chemicals. By: Helen Lee+65 6780 4359
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