31 January 2013 20:12 [Source: ICIS news]
HOUSTON (ICIS)--Anti-dumping duties could be reinstated on US phenol exported to India because Indian phenol producers feel pressure on their ability to sell phenol competitively, a director of a distribution and trading company said on Wednesday.
Kempar Energy's Nikunj Parekh spoke at the ICIS Pan American Phenol-Acetone Conference in Houston.
Parekh said there are only two phenol producers in India – Hindustan Organic Chemicals and SI Group. Their combined capacity of 85,000 tonnes/year, according to ICIS Plants and Projects, is only able to produce about 20-25% of the nation’s demand.
The director said anti-dumping duties had been placed on US phenol in 2011, and during that year, about 32% of the imported phenol came from the US.
Those anti-dumping duties were removed on US phenol in 2012, and about 48% of the imported material was of US origin.
The speaker said additional capacity in Asia should be able to offset the need to import phenol from the US. It would be even more attractive if anti-dumping duties are reinstated on the US phenol.
US phenol producers include Blue Island Phenol, Dakota Gasification, Dow Chemical, Emerald Kalama Chemical, Georgia Gulf, Haverhill Chemical, Honeywell, INEOS Phenol, Merisol USA, SABIC Innovative Plastics and Shell Chemical.
Collectively, those producers have an annual capacity of 2,927,000 tonnes, according to ICIS Plants and Projects.
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