15 November 2013 10:41 [Source: ICIS news]
LONDON (ICIS)--The European Commission’s proposed anti-dumping duties (ADDs) are a “done deal” and could boost domestic production, sources said late on Thursday.
The European Commission has proposed duties of €215-250/tonne ($291-338/tonne) for biodiesel imports from Argentina, and €120-180/tonne for volumes imported from Indonesia. A definitive decision is due at the end of November.
“They’re [the ADDs] a done deal and Europe will have to rely on domestic production going forward,” one source said.
“People want to ‘suck it and see’ next year – see how the ADDs will impact the market. No one is rushing to start up idle biodiesel plants any time soon – not until they know what will happen next year. I think those producing at lower capacity will increase production should the market allow,” another source said.
($1 = €0.74)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections