20 July 2012 15:15 [Source: ICIS news]
LONDON (ICIS)--The Indian soda ash market is likely to tighten as a result of an anti-dumping duty which has been introduced on some imports, a source representing Indian soda ash buyers said on Friday.
The Indian finance ministry introduced the duty on soda ash imports from ?xml:namespace>
"I expect soda ash will become scarcer and more expensive [in
The Indian revenue department said the duty will be imposed for five years. It ranges from $2.38-$38.79/tonne (€1.93-31.42/tonne), depending on the producer and country of export.
Rates range from $9/tonne on imports from the EU, $38/tonne from the US, $36/tonne from
"I will probably look to buy from
One European soda ash producer said the anti-dumping duty will have little impact on European exports as
However, the producer added it has received several inquiries from
"Hopefully the lower duty [on EU-origin soda ash] will give us an advantage over
Around half the global consumption of soda ash is used in the production of glass.
Follow Janos Gal on Twitter for tweets on soda ash
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