China to review anti-dumping duties on PTA imports from South Korea and Thailand

13-Aug-15

The Ministry of Commerce, Government of China, has announced it would review anti-dumping duties on purified terephthalic acid (PTA) imported from South Korea and Thailand, according to a Xinhua report. Anti-dumping duties ranging between 2 and 20.1% were imposed on PTA imports from these two countries in August 2010, for a period of five years. The ministry's decision to review these duties follows an application made by domestic producers in June this year requesting the ministry to reinvestigate the case and extend the duties which are due to expire, as reported by fibre2fasshion.com Since August 2010, South Korean PTA exporters like Hyosung Corp is levied duty at 2.6%, Samsung Petrochemicals 2%, SK Petrochemicals 11.2%, Samnam Petrochemicals 3.7%, KP Chemical 2%, Taekwang Industrial 2.4%, while other Korean PTA exporters pay 11.2% anti-dumping duties. In case of PTA imports from Thailand, Indorama Petrochemicals attracts duty at 16.9%, Siam Mitsui PTA Co 6%, TPT Petrochemicals 12.9%, and other Thailand based PTA exporters 20.1% anti-dumping duty when exporting PTA to China