Plastics Portal For Buying And Selling Plastic Products
CONNECTING BUSINESSES IN THE WORLD OF PLASTICS
Go to->Home - PlasticNews
An increase in number of anti dumping cases likely as petrochem prices dip ... (16-12-2011)
 
Lowering of petrochemical prices in 2012 could see a spate of antidumping proposals initiated against petrochemical producers in the Middle East, as per Hamad Al Terkait, President and CEO of Kuwait Equate Petrochemical Company ahead of the GPCA meet, as per Platts
2012 is likely to see strong competition between producers in the Middle East and Asia as products from newly started up plants hit the Asian markets. At the same time, products from new complexes like Saudi Kayan will begin moving into the markets
Over the past year, producers in the Middle East have been the target of antidumping penalties from several countries, including India and Turkey. In 2010, Turkey levied an antidumping duty of 6% on monoethylene glycol imports from Equate and Sabic, and another antidumping fee of 20% on imports from Saudi Arabia. Meanwhile in November of 2010, India imposed a range of antidumping duties on polypropylene producers in the Middle East.
Previous News Previous News
Next News Next News
Forward to friend Forward this news to friend Print this News Print this news
Back
Back To Recent News Archives
Disclaimer
Recent News
• Borealis, Nexeo Solutions ink agreement to extend partnership in European polymers market
• New injection molding machine for processing of all rubber compounds, elastomer materials
• CB&I awarded US$115 mln EPC contract by Ingleside's ethylene storage facility in Texas
• Global polypropylene market to reach US$124 bln by 2019, at a CAGR of 6.3%
• July PE offers from Mid-East revealed lower to Turkey