15 July 2013 14:41 [Source: ICIS news]
LONDON (ICIS)--Polish nitrogen fertilizer producer Zaklady Azotowe Pulawy (ZAP) has welcomed on Monday a European Commission decision to examine whether an anti-dumping tariff on ammonium nitrate (AN) should be extended for another five years.
ZAP said it was optimistic that representations made by itself, other Polish fertilizer makers and fertilizer producers across the European Union would convince the Commission that the five-year extension was necessary to protect the AN market against dumping.
The anti-dumping duties were due to lapse on 13 July but will now stay in place throughout the review, which could take as long as 15 months, said ZAP – a subsidiary of Polish chemical group Grupa Azoty.
The duties are set as high as €47.07/tonne ($61.13/tonne) to discourage Russian AN exporters – which benefit from cheap natural gas feedstock – from trying to sell their output in the 28-nation EU at below cost.
The Commission said the review was requested by manufacturers that account for more than one-quarter of the EU's AN output.
The EU anti-dumping duties levied against Russian AN exporters date back to 1995, and were last renewed for five years in July 2008.
($1 = €0.77)
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