Category

Countries

Anti-Dumping Probe Commences on PVC Suspension Resin Imports from 7 Countries
Anti-Dumping Probe Commences on PVC Suspension Resin Imports from 7 Countries

Anti-Dumping Probe Commences on PVC Suspension Resin Imports from 7 Countries

  • 02-Apr-2024 7:43 PM
  • Journalist: Patricia Jose Perez

The Directorate General of Trade Remedies (DGTR) within the Ministry of Commerce and Industry has launched an anti-dumping investigation concerning Poly Vinyl Chloride (PVC) Resin, specifically the suspension grade, originating from China, Indonesia, Japan, South Korea, Taiwan, Thailand, and the United States. This move follows a petition filed by three out of the five domestic producers of PVC Suspension Resins in India, namely Chemplast Cuddalore Vinyl Ltd, DCM Shriram Ltd, and DCW Ltd.

The petitioners have formally requested an anti-dumping probe, emphasizing concerns over the alleged dumping of PVC Resin from the aforementioned seven countries. Notably, the other two domestic producers, Finolex Industries and Reliance Industries Ltd, have neither supported nor opposed the application. However, the applicants have urged for the retrospective imposition of anti-dumping duties on imports of PVC Resin from these countries.

The petitioners have underscored a historical pattern of dumping practices observed in the import of PVC Resin from these seven nations. They highlight that these imports were previously subjected to anti-dumping duties spanning from January 23, 2008, to February 9, 2022. According to their submissions, the volume of imports surged by 65 percent during the fiscal year 2022-23, immediately following the expiration of the anti-dumping duty validity period.

PVC Suspension Resins serve as vital components in the manufacturing processes of various products, including pipes and fittings, flexible hoses, films and sheets, bottles, profiles, wire and cables, as well as footwear. Their versatility and wide-ranging applications make them integral to numerous industries.

The anti-dumping probe signals the government's commitment to promoting a level playing field for domestic manufacturers while fostering a conducive environment for sustainable growth and development in key sectors. It underscores the importance of maintaining trade integrity and upholding fair trade practices to safeguard the interests of domestic industries and stakeholders.

Ultimately, the outcome of the anti-dumping investigation will hinge on the findings and recommendations put forth by the DGTR based on its comprehensive assessment. The imposition of anti-dumping duties, if warranted, will be aimed at addressing unfair trade practices and providing relief to domestic producers adversely affected by dumping activities.

In conclusion, the initiation of an anti-dumping investigation on PVC Resin imports underscores the government's commitment to safeguarding the interests of domestic industries and promoting fair trade practices. Through a thorough and transparent investigative process, the DGTR aims to address concerns related to alleged dumping activities and ensure a level playing field for domestic producers in the PVC Resin market.

Related News

European PVC Market Attempts to Stabilize, Low Procurement Hinders Margins
  • 16-Apr-2024 5:06 PM
  • Journalist: Bob Duffler
PVC Buying Activity remains Limited due to Weak Demand Recovery Across the US and Asia
  • 28-Mar-2024 2:53 PM
  • Journalist: Timothy Greene
European PVC Market Endures a Shine Amidst Supply Chain Challenges
  • 26-Mar-2024 4:42 PM
  • Journalist: Bob Duffler
Wanhua Chemical Halts PVC Manufacturing in China for Maintenance
  • 06-Mar-2024 2:47 PM
  • Journalist: Yage Kwon