Home / Knowledge / News / Textiles / Margin money on PTA imports from Korea & Thailand
Margin money on PTA imports from Korea & Thailand
05
Feb '10
Recently, the Ministry of Commerce announced extension by six months of the anti-dumping investigation of PTA imports from Thailand and South Korea. This was reportedly done as it could not be finished in the previous 12 months.

Along with extending the probe by another six months, the government has also imposed a deposit to be paid to the General Administration of Customs, equivalent to the anti-dumping duty levied on the notified PTA exporting companies.

In recent years, China's imports of PTA have been relatively large, a major proportion of which mainly emanates from Taiwan, South Korea and Thailand. In the last two years PTA imports from South Korea have averaged 186,756 tons per month.

Imports from South Korea made up for 44.8 percent of all PTA imports in the preceding two year, while on the other hand those from Thailand averaged 52,023 tons per month, representing 12.4 percent of total PTA imports.

Therefore, the deposit to be paid by countries exporting PTA from these two countries is bound to reduce imports from these two countries in the period of the investigation, but it is unknown to what extent it can reduce the import volume.

The industry believes that the current anti-dumping case will have little impact on domestic market, because of China's current PTA production capacity. In 2009, China's domestic PTA production was 11.77 million tons.

Net imports were 6.13 million tons; apparent consumption was 17.9 million tons, while 2009 actual consumption was 17 million tons, leaving a balance of 900,000 tons.

Taking into account the balance of about 400,000 tons of raw material inventory of PX in upstream sector, which can be converted into about 600,000 ton of PTA, this means current PTA inventories are 1.5 million tons.

It is hard to digest such a large inventory in the short term, as the festival is approaching.

The implementation of the anti-dumping case can offset part of the inventory to a certain extent, so PTA futures market will not be much influenced by the case.

Fibre2fashion News Desk - China

Must ReadView All

Textiles | On 25th Apr 2017

Greater Manchester is high on its textiles industry

Greater Manchester is witnessing a boom in textiles industry with 77...

Apparel/Garments | On 25th Apr 2017

Indian trade leaders to discuss GST, digital payments

Trade leaders from various Indian states will meet in New Delhi to...

Apparel/Garments | On 25th Apr 2017

Foreign buyers paying less for green factory apparel

International buyers are not paying enough for apparel and garments...

Interviews View All

Priyanka
Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Madhu Jain
Madhu Jain

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

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
April 2017

April 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