Home / Knowledge / News / Textiles / 'Anti-dumping charges on PTA imports will not hold' – experts
'Anti-dumping charges on PTA imports will not hold' – experts
06
Mar '09
Currently, China has initiated an anti-dumping probe on PTA imports, limited to PTA imports of general trade, while PTA shipments of other trade models like processing trade, etc, have been excluded from this anti-dumping case.

According to estimates, about 40 percent of China's total PTA imports in recent years have been meant more so for the processing trade and imports from Korea and Thailand amounted to 3,900,000 tons in 2008.

Off this figure, import volume of general trade accounted for 2,340,000 tons and the rest processing trade. Even if China imposes anti-dumping duty on PTA imports from these two countries, it can only do so in 2010.

China's total production capacity will reach 16.26 million tons in 2010 with a new capacity addition of 3.9 million tons by then, which could entirely fill up the volumes of PTA imports from Korea and Thailand.

China's anti-dumping targets are limited to PTA imports originating only from Korea and Thailand and at present, other countries of the Asian sub-continent such as Taiwan, Japan, Indonesia, have substantial spare capacity.

Once China's domestic PTA plants maliciously pull up prices and hurt interests of polyester factories, Taiwan, Japan, Indonesia and other countries, who are now operating their plants at low capacities, will increase their PTA exports.

Therefore, on the whole, the current anti-dumping charges initiated by domestic PTA manufacturers will not hold as due to excessive PTA capacity in Asia, it will never be able to change the buyers market prevalent in PTA supplies.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Sunil Kumar Sharma
Loknayak JPNSSSG Ltd

'The blend of cotton–linen yarn has high demand in the domestic and...

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search