India Intensifies Anti-Dumping Against China, Involving Antioxidants, PET, PVC Wallpaper! PC Prices Surge, Increase by 400

India imposes an anti-dumping duty of up to $761 per ton on Chinese antioxidants for a period of five years.

Recently, the Ministry of Commerce and Industry of India issued an announcement, making an affirmative final anti-dumping ruling on Certain Antioxidants originating in or imported from China and Singapore. It recommends imposing anti-dumping duties on the products from these countries for a period of five years, as follows: The anti-dumping duty for Chinese producers is between USD 0-761 per ton, with Tianjin Lianlong New Materials Co., Ltd., Lianlong (Zhongwei) New Materials Co., Ltd., and Lianlong (Zhuhai) New Materials Co., Ltd. having an anti-dumping duty of USD 0, BASF Chemical Co., Ltd. at USD 280 per ton, and other Chinese producers at USD 761 per ton. For Singaporean producers, the anti-dumping duty is between USD 562-868 per ton, with BASF South East Asia Pte Ltd. at USD 562 per ton, and other Singaporean producers at USD 868 per ton.

This case involves products under Indian customs codes 29054290, 29071990, 29072990, 29181990, 29182910, 29182990, 29183090, 29189990, 29202100, 29202910, 29202930, 29202990, 29209000, 29242990, 29309099, 29336990, 38112900, 38119000, 38123910, and 38123990.

On September 26, 2024, the Indian Ministry of Commerce and Industry announced that it has initiated an anti-dumping investigation into antioxidants originating from or imported from China and Singapore, based on a request submitted by the Indian company Vinati Organics Limited. The period of investigation for dumping will be from July 1, 2023, to June 30, 2024, while the period of injury investigation will cover 2020-2021, 2021-2022, April 2022 to June 2023, and July 1, 2023, to June 30, 2024.

India Initiates First Anti-Dumping Sunset Review Investigation on PET Resin from China

Recently, the Indian Ministry of Commerce and Industry issued an announcement stating that, upon the application submitted by Indian companies Indorama Yarns Private Limited, IVL Dhunseri Petrochem Industries Private Limited, and Reliance Industries Limited, it has initiated the first anti-dumping sunset review investigation on Polyethylene Terephthalate (PET) resin originating from or imported from China. The Indian customs codes for the products involved are 39076110, 39076190, 39076930, and 39076990. The dumping investigation period for this case is from April 1, 2024, to March 31, 2025 (12 months), and the injury investigation periods are from April 1, 2021, to March 31, 2022; April 1, 2022, to March 31, 2023; April 1, 2023, to March 31, 2024; and April 1, 2024, to March 31, 2025.

On October 1, 2019, the Ministry of Commerce and Industry of India issued an announcement stating that, based on applications submitted by Indian companies IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries Limited, an anti-dumping investigation on PET resin originating from or imported from China was initiated. On December 28, 2020, the Ministry of Commerce and Industry of India made a positive final ruling on the case. On March 27, 2021, the Ministry of Finance of India issued notification No. 18/2021-Customs (ADD), deciding to impose anti-dumping duties ranging from USD 15.54/ton to USD 200.66/ton on the subject products from China, effective for five years, terminating on March 26, 2026.

On March 4, 2024, the Ministry of Commerce and Industry of India announced that, in response to applications submitted by domestic companies IVL Dhunseri Petrochem Industries Private Limited and Reliance Industries Limited, it would initiate an anti-dumping investigation into PET resin originating from or imported from China. On August 28, 2024, the Ministry of Commerce and Industry made a positive final ruling in this case. On November 22, 2024, the Ministry of Finance of India issued notification No. 25/2024-Customs (ADD), deciding to adjust the anti-dumping duty on Chinese producer Wankai New Materials Co., Ltd. from $15.54/ton to $40.41/ton, while the anti-dumping duty for other Chinese producers/exporters remains unchanged. The measures are effective for the same duration as the current anti-dumping measures. The Indian customs codes for the products involved are 39076190.39076990。

India is conducting an anti-dumping investigation on imported PVC wallpaper originating from China or exported from China.

On September 27, the Indian Ministry of Commerce and Industry announced that, in response to an application submitted by Indian company Eximus Wallpapers Private Limited, it has initiated an anti-dumping investigation concerning wallpapers originating from or imported from China. The products involved are PVC wallpapers and non-woven wallpapers, under Indian customs codes 48142000 and 48149000. This investigation does not include digital customized wallpapers, natural wallpapers, or fabric-backed wallpapers. The period for this anti-dumping investigation is from April 1, 2024, to March 31, 2025 (12 months), while the damage investigation period covers April 1, 2021, to March 31, 2022, April 1, 2022, to March 31, 2023, April 1, 2023, to March 31, 2024, and April 1, 2024, to March 31, 2025.

India Initiates Anti-Dumping Investigation on Bis(2,2,6,6-Tetramethyl-4-Piperidyl) Sebacate Involving China

According to the China Trade Remedy Information Network, on September 27, the Indian Ministry of Commerce announced that, in response to applications submitted by Indian enterprises, it has initiated an anti-dumping investigation against the product 2,2,6,6-tetramethyl-4-piperidyl) sebacate (Light Stabilizer 700) originating from or imported from China and the European Union. The relevant Indian customs codes for the products in question are 29333990 and 38123990. The investigation period for dumping is from April 1, 2024, to March 31, 2025 (12 months), while the damage investigation period covers the years 2021 to 2022, 2022 to 2023, 2023 to 2024, and from April 1, 2024, to March 31, 2025.

Latest Plastic Quotation on September 29

The positive expectations on the supply side have boosted sentiment, and PC factories continue to hold prices firm. This week, most spot prices for PC have increased, today rising by 50-400. Currently, the low-end PC materials in the East China region have firmly established themselves at the 10,000 yuan mark, while mid-to-high-end materials are nearing 14,000 yuan/ton. According to current statistics, some PC plants will enter maintenance stages starting in October, and market supply will continue to decrease. Currently, there are five domestic facilities with maintenance plans, and international facilities such as LG Chem, Mitsubishi Thailand, Lotte Chemical, and Lotte Advanced also have maintenance plans. The domestic PC market is likely to continue to see reduced supply, and it is expected that the market will continue to experience strong fluctuations after the holiday.