US to issue duties on acetone imports from Spain, Singapore

Author: Jessie Waldheim

2019/11/14

HOUSTON (ICIS)--The US will issue duties on imports of acetone from Spain and Singapore following a determination by a US agency on Thursday that the domestic industry is injured by these imports.

As part of an ongoing antidumping duty investigation (ADD), the US International Trade Commission (ITC) determined that acetone imports from these countries are sold in the US at less than fair value.

The Department of Commerce had imposed deposits for acetone imports from these two countries at preliminary rates in July and had affirmed these rates in October.

Country of Origin Final Deposit Rate
Singapore 66.42-131.75%
Spain 137.39-171.81%

As a result of the determination, Commerce will issue duty orders on imports from these two countries.

An ADD investigation continues on imports from Belgium, South Africa and South Korea. Preliminary deposit rates were imposed in September and final deposit rates are expected by early December.

Country of Origin Preliminary Deposit Rate
Belgium 28.17%
South Africa 45.85%
South Korea 7.67-47.70%

Acetone can be used in solvent applications and in the manufacture of chemicals for the coatings, plastics, construction and automotive industries.

Major US acetone producers are INEOS Phenol, Altivia, AdvanSix, Shell Chemicals, SABIC and Olin.

Pictured above: Acetone is used in solvent applications and in the manufacture of chemicals for the coatings, plastics, construction and automotive industries.
Credit: Jochen Tack/imageBROKER/REX/Shutterstock