India slaps five-year ADD on TDI imports from NE Asia

24 January 2018 09:55 Source:ICIS News

SINGAPORE (ICIS)--India has imposed a five-year antidumping duty (ADD) on toluene di-isocyanate (TDI) imports from China, Japan and South Korea from 23 January 2018.

Some of the final ADD rates were set higher than those in the six-month provisional ADD that was put in place on 5 June 2017, according to India’s Ministry of Finance.

An ADD rate of $0.26/kg will apply to imports from China, unchanged from the provisional ADD.

For Japanese material, the final ADD rate was raised to $0.15/kg from the provisional rate of $0.14/kg.

In the case of TDI imports from South Korea, the ADD rates would vary depending on the manufacturer.

TDI from Korean Hanwha Chemical would attract a rate of $0.22/kg, up from the provisional rate of $0.17/kg, while imports from BASF in South Korea get an unchanged ADD rate of $0.31/kg.

Imports from other Korean manufacturers will be imposed a $0.44/kg ADD, up from the provisional ADD rate of $0.40/kg.

By Matthew Chong