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

Courtesy: Asmara Group

Apparel/Garments | On 20th Sep 2018

Fragmented nature of Indian apparel sector major challenge

A major challenge for the Indian apparel sector is its fragmented...

Courtesy: Pexels

Textiles | On 20th Sep 2018

Risk to US consumers grows with tariff escalation: NRF

The US National Retail Federation (NRF) has expressed disappointment...

India's 2018-19 forward cotton export contract up by 100%

Textiles | On 20th Sep 2018

India's 2018-19 forward cotton export contract up by 100%

Rise in demand from China, lower domestic prices and depreciation of...

Interviews View All

Manuj Terapanthi, Texaura

Manuj Terapanthi
Texaura

Transparent supply chain and fair trade will boost sustainable market

Nitin Soni, Dolphin Jingwei Machines

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Top executives, Textile industry

Top executives
Textile industry

Defining MSMEs on the basis of turnover makes it simpler to do business

Sarah Perkins,

Sarah Perkins

Fairfax, Virginia-based Specialty Graphic Imaging Association (SGIA) is a...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Harsh Shah,

Harsh Shah

Fynd is the central online shopping destination for fashion, offering...

Isabel Herranz, European School of Business & innovation

Isabel Herranz
European School of Business & innovation

Cutting-edge ideas like the Internet of Things and artificial intelligence ...

Mark Brill, Birmingham City University (BCU)

Mark Brill
Birmingham City University (BCU)

<div>A technological breakthrough could see people getting messages about...

Chunyi Zhi, City University of Hong Kong

Chunyi Zhi
City University of Hong Kong

<div><b>Chunyi Zhi</b>, associate professor in the Department of Materials ...

Mike Hoffman, Gildan Activewear SRL

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Pranav Mishra, Huemn

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

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

Leave your Comments


September 2018

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

news category


Related Categories:

Advanced Search