India announces revised anti-dumping duties on PVC imports

SINGAPORE (ICIS)–The Government of India announced anti-dumping duties (ADDs) on polyvinyl chloride (PVC) imports into the country, in the range of $9.47-147.96/tonne, according to an official document received by ICIS on Tuesday.

ADDs are now applicable on several exporters selling into the country following investigations initiated in October 2012 on ADD imposed against imports of PVC suspension grade originating in or exported from Taiwan, China PR, Indonesia, Japan, Korea RP, Malaysia, Thailand and the USA.

PVC imports from South Korean producers LG Chem and Hanwha Corporation are exempt from ADD payments.

ADDs on Chinese PVC cargoes exported from China or any other country other than China are subject to ADDs in the range of $91.27-147.96/tonne.

Taiwanese major Formosa Plastics Corporation exporting PVC from Taiwan and European Union is exempt from ADD payments, while all other Taiwanese PVC lots originating in Taiwan or any other country are subject to ADDs in the range of $9.47-61.25/tonne.

US producer Westlake Vinyl Corporation’s exports to India are subject to ADDs of $29.99/tonne, while Formosa Plastics Corporation USA’s lots exported by Tricon Dry Chemicals LLC will be charged ADDs at $31.22/tonne. All other US origin PVC lots will be charged ADDs at $115.54/tonne.

For the full table on ADDs imposed on various origin cargoes, please refer to final findings here.

Total PVC demand in India stood at 2.25m tonnes in 2013. Of this 1.25m tonnes is locally produced, while the rest is imported.

Read John Richardson and Malini Hariharan’s blog – Asian Chemical Connections