MUMBAI (ICIS)--India will impose a five-year antidumping duty (ADD) of $159.43/tonne on phthalic anhydride (PA) imports from Russia.
The Directorate General of Trade Remedies (DGTR) of India on 5 January recommended continuing the ADD after its investigation showed that “there is likelihood of continuation or recurrence of dumping and injury if the existing ADDs are allowed to cease.”
The south Asian country’s previous five-year ADD on Russian PA imports expired in December 2020.
The DGTR launched the probe in December 2020 after receiving complaints from domestic producers IG Petrochemicals, Thirumalai Chemicals and the SI Group India Ltd.
“Domestic producers will be able to cater to complete demand of the product in India,” the DGTR said in its review.
“The two existing producers of PA have already expanded their capacity and commercial production in respect of expanded capacity is going to start soon,” it added, referring to Thirumalai Chemicals and IG Petrochemicals.
SI Group produces phthalates and derivatives.
Imposition of the new ADD is expected to begin within three months.
PA is used as a chemical intermediate in the production of phthalate plasticizers, saturated and unsaturated polyester resins.