India Imposes Anti-Dumping Duty on Toluene Di-isocyanate (TDI) Imports from Four Locations
- 03-Dec-2020 6:00 PM
- Journalist: Francis Stokes
India has slapped anti-dumping duty on imported Toluene Di-isocyanate (TDI) from Taiwan, European Union, Saudi Arabia, and UAE, with isomer content in the ratio of 80:20, for the duration of six months starting Wednesday, December 2. India’s largest producer of TDI, Gujarat Narmada Valley Fertilizers & Chemicals Limited (GNFC) had filed an application before the concerned authority to investigate into excessive dumping of cheap TDI, thereby causing material injury to the domestic industry.
GNFC’s Bharuch TDI unit has a production capacity of 50,000 mt/year and the Dahej unit has a production capacity of 17,000 mt/year. The only other company involved in manufacturing TDI in India is BASF, holding plant capacity of 7500 MTPA. TDI is a specialty chemical, used to manufacture Flexible Polyurethane foams used in beddings, furniture, mattresses, pillows, car seats, quilts & is also consumed for packaging applications. The duty is aimed at maintainig fair trade practices and giving a level-playing field to the domestic producers. TDI price in the domestic market rose almost by 50 per cent in the Q2FY21 due to several plant outages heard in the US and Europe.
As per ChemAnalyst,” this move would enable the domestic manufacturers (like GNFC) enjoy competitive advantage over global players while the downstream polyurethane industry is cautiously healing itself from the economic impacts of the coronavirus outbreak.”