US Dept of Commerce announces final dumping margins determination on PET imports

20 September 2018 16:29 Source:ICIS News

SINGAPORE (ICIS)--The US Department of Commerce has announced final dumping margins for polyethylene terephthalate (PET) resin from Brazil, Indonesia, Korea, Pakistan and Taiwan to the US, issued this week.

The department launched an investigation in 2017 over whether PET exports into the US from the five countries were being priced at a level that was causing damage to the its domestic industry.  The investigation covered PET of intrinsic viscosity of 0.70-0.88 dL/g.

The final dumping margins were determined as follows:

Brazil 29.68-275.89 %
Indonesia 30.61-53.50 %
Korea 8.23-101.41 %
Pakistan 43.81-59.92 %
Taiwan 5.16-45 %

From here, the department will instruct the US Customs and Border Protection to collect cash deposits from importers of PET resin from the five countries based on the above final dumping margins.

The US International Trade Commission (ITC) will finalise the decision on or about 1 November 2018. ITC will issue antidumping orders from 9 November if final determinations are affirmative that the imports from the five countries materially injure, or threaten material injury to the domestic market.

The complainants in the case were DAK Americas, Indorama Ventures USA, M&G Polymers USA and Nan Ya Plastics Corporation, America. Indorama is not a petitioner in the case of the Indonesia investigation.

By Hazel Goh