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China to review duties on PTA import
12
Aug '15
Ministry of Commerce, Government of China, has announced it would review anti-dumping duties on purified terephthalic acid (PTA) imported from South Korea and Thailand, according to a Xinhua report.
 
Anti-dumping duties ranging between 2 per cent and 20.1 per cent were imposed on PTA imports from these two countries in August 2010, for a period of five years.
 
The ministry's decision to review these duties follows an application made by domestic producers in June this year requesting the ministry to reinvestigate the case and extend the duties which are due to expire.
 
Since August 2010, South Korean PTA exporters like Hyosung Corp is levied duty at 2.6 per cent, Samsung Petrochemicals 2.0 per cent, SK Petrochemicals 11.2 per cent, Samnam Petrochemicals 3.7 per cent, KP Chemical 2.0 per cent, Taekwang Industrial 2.4 per cent, while other Korean PTA exporters pay 11.2 per cent anti-dumping duties.
 
In case of PTA imports from Thailand, Indorama Petrochemicals attracts duty at 16.9 per cent, Siam Mitsui PTA Co 6.0 per cent, TPT Petrochemicals 12.9 per cent, and other Thailand based PTA exporters 20.1 per cent anti-dumping duty when exporting PTA to China.
 
PTA is an organic compound used in polyester coatings and resins. (RKS)
 

Fibre2Fashion News Desk – India


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