Category

Countries


India Lifts Anti-Dumping Inquest on MEG Imports from Saudi Arabia

India Lifts Anti-Dumping Inquest on MEG Imports from Saudi Arabia

  • 07-Apr-2020 2:00 PM
  • Journalist: Timothy Greene

India has terminated anti-dumping inquests of Mono Ethylene Glycol (MEG) from Saudi Arabia on request of the largest MEG producer of the country, Reliance Industries Limited (RIL). However, investigation on MEG shipments from other leading exporters like Kuwait, UAE, Oman and Singapore will proceed as per the government norms. According to the ministry of commerce and industry, RIL asked to remove the inquest on exports of MEG from Saudi Arabia in early February this year. The request for this sudden removal of anti-dumping probe remains unknown to the ministry. In December last year, RIL along with India Glycols Limited had filed a petition for investigation on imports of MEG from five countries, as the companies were facing material injury to the domestic products due to cheaper imports. MEG is a prominent raw material for polyester industry and is mainly utilized for manufacturing of PET films, PET fibres and resins.

24X7

Track Real Time Prices

Related News

China's MEG Inventories Likely to Increase in Q2 of 2023 Due to High Import
  • 13-Mar-2023 3:52 PM
  • Journalist: Francis Stokes
US May Cut Down Mono-Ethylene Glycol (MEG) Import to Europe During the First Half of Q1 2023
  • 16-Jan-2023 5:18 PM
  • Journalist: Jacob Kutchner
U.S. Arctic Freeze Impacts the Chinese Mono-Ethylene Glycol Supply
  • 30-Dec-2022 12:27 PM
  • Journalist: Robert Hume
MEGlobal Lowers Its Mono Ethylene Glycol Contract Prices For the Upcoming Month
  • 24-Nov-2022 3:28 PM
  • Journalist: Jai Sen