16 May 2012 09:23 [Source: ICIS news]
The country’s Department of Chemicals and Petrochemicals (DCPC) has determined that PA dumping into India is happening, necessitating the imposition of the ADD to protect the domestic industry, the official from the Ministry of Chemicals and Fertilizer said.
“Market share of imports from these countries have increased substantially. This is posing a threat of material injury to the domestic industry which is suffering a consequential loss of market share,” the official said.
DCPC, in a communication to the Director General of Anti Dumping and Allied Duties (DGAD), stated that a safeguard duty of 10% ad valorem levied in January 2012 should be followed up with a final anti-dumping duty at the earliest. DGAD has yet to decide on the rate of antidumping duty that will be implemented.
The recommendation to expedite the imposition of final ADD on PA came after the Indian Chemical Council (ICC) complained that domestic PA producers continued to hurt from the influx of material from
ICC has pointed out that
Its domestic PA production, on the other hand, has steadily declined on a quarterly basis.
Capacity utilization at domestic PA facilities declined to 75% in 2011-12 from 87% in 2010-11, according to Ministry of Commerce data.
Major PA producers in
PA is the principal commercial form of phthalic acid used in organic synthesis of plastics and plasticizers.
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