18 April 2012 12:44 [Source: ICIS news]
MAASTRICHT, the Netherlands (ICIS)--A preliminary investigation into anti-dumping duties (ADD) to be imposed on China-, US- and Belgium-sourced methyl di-p-phenylene isocyanate (MDI) polymeric grade being imported into Brazil will be released in June, market participants said on Wednesday.
The Brazilian government investigation began in June 2011, when the sole local MDI producer raised the issue of anti-dumping duties, industry players said from the sidelines of the three-day Utech Europe exhibition and conference, which runs from 17–19 April.
Brazil is a net importer, with an annual polymeric grade MDI consumption of about 80,000–90,000 tonnes/year.
The sole Brazilian MDI plant is in Rio de Janeiro, and has a nameplate capacity of 45,000 tonnes/year. The unit is owned by Germany-based petrochemical giant Bayer, according to ICIS plants and projects.
“We do not expect any positive result on this ADD issue, since the country depends quite significantly on imports,” one Chinese MDI producer said.
The import duty currently imposed on polymeric grade MDI is at 20%, up from 14% in 2011, market sources said.
“If no ADD is introduced, perhaps the import duty may be changed back to 14%,” the Chinese producer added.
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