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India implements e-PVC anti-dumping duties

  • Market: Petrochemicals
  • 14/06/24

India's central government has imposed additional anti-dumping duties (ADDs) on imports of paste polyvinyl chloride (e-PVC) from China, South Korea, Malaysia, Norway, Taiwan, and Thailand from 13 June.

The implementation comes after Indian authorities concluded investigations on 26 April which found that imports were purchased at dumped prices from these countries. Authorities also noted there was a substantial increase in imports from these countries and concluded that the domestic industry was affected negatively because of this.

But the authorities also incorporated exclusions to the ADDs. These were on PVC resins with a K-value below 60K, PVC blending resins, co-polymers of PVC paste resin, battery separator resins and the brand name "Biovyn" produced by European PVC producer Innovyn.

The announcement of the ADDs comes at a time when regional freight challenges have been a significant concern for Indian importers. Limited container availability has resulted in South Korean producers Hanwha Solutions and LG Chem postponing shipments of cargoes that were purchased by Indian buyers for arrival in June and early July.

The producers sent letters to their customers informing them of the freight challenges. Both producers indicated a raise in prices for shipments, with LG Chem indicating a rise in PVC prices by $100/t.

Key Taiwanese PVC producer Formosa was forced to postpone the announcement of its offers for July shipment from this week to next week because of shipping uncertainties, according to market participants. With the lack of imports, Indian producers this week raised domestic prices of suspension-PVC (s-PVC) by 4,000 rupees/t ($48/t) and e-PVC by Rs5,000/t.

Offers of Chinese-origin cargoes have been limited, with some s-PVC offers at $930-950/t this week. Chinese producers are trying to circumvent freight difficulties by shipping PVC cargoes in jumbo bags in bulk vessels instead of containers. But acceptance by Indian buyers has been underwhelming, according to market participants.

The ADDs will be enforced for a period of six months from 13 June and are payable in Indian rupees.

India e-PVC ADD list$/t
Country of OriginCountry of exportProducerDuty
ChinaAnyFormosa Industries (Ningbo) Co., Ltd.546
ChinaAnyShenyang Chemical Co. Ltd115
ChinaAnyOther Chinese producers except above600
AnyChinaAny600
South KoreaAnyHanwha Solutions Corporation0
South KoreaAnyOther South Korean producers41
AnySouth KoreaaAny41
MalaysiaAnyKaneka Paste Sdn. Bhd.317
MalaysiaAnyOther Malaysian producers375
AnyMalaysiaAny375
TaiwanAnyFormosa Plastics Corporation118
TaiwanAnyOther Taiwanese producers168
AnyTaiwanAny168
ThailandAnyTPC Paste Resin Co. Ltd.195
ThailandAnyOther Thai producers252
AnyThailandAny252
NorwayAnyAny328
AnyNorwayAny328

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