18 July 2013 22:14 [Source: ICIS news]
CAMPINAS, Brazil (ICIS)--Brazil’s Chamber of Foreign Trade (Camex) has approved provisional anti-dumping duties on ethanolamines from the US and Germany, according to information made available on Thursday.
The duties apply to monoethanolamines and triethanolamines.
The anti-dumping duties will continue for up to four months, Camex said.
BASF and other German ethanolamine exporters will have to pay $687.36/tonne (€522.39/tonne) in anti-dumping duties, while Dow Chemical will pay $689.13/tonne and INEOS Oxide $57.43/tonne, Camex said. Other US ethanolamines exporters will pay $689.13/tonne.
"It is worthy to mention that this government measure is provisional, and that it will be an object of revision. BASF believes the decision could be reverted," a spokesperson for BASF said.
US companies Dow Chemical and INEOS Oxide were not immediately available to comment.
The decision is a result of an investigation that began in May 2012, after Brazilian ethylene oxide (EO) and ethoxylates producer Oxiteno asked the country's development, industry and trade ministry to look into alleged product dumping.
Camex said it has found what it called sufficient evidence for the dumping of ethanolamines and thus has decided to apply the duties.
($1 = €0.76)
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