India has cancelled an anti-dumping investigation against PTA from China and the European Union. Shipments of purified terephthalic acid (PTA) from China to India have thus resumed, market sources said this week, as per Platts, with at least 25,000-30,000 mt of PTA booked from China for April headed towards .
Chinese PTA producers Zhejiang Yisheng Petrochemical and Hengli Petrochemical have shipped some 15,000-20,000 mt to India for April, and export volumes are anticipated to be increased for May, according to trading sources.
Provisional anti-dumping duties on imports from China, the European Union, South Korea and Thailand were imposed by India in July 2014 following allegations of dumping of PTA.
However, as the imported amounts of PTA from China and the EU were less than 3% of total imports, the investigation against these countries was automatically terminated, according to a document published on April 7 by India's Ministry of Commerce and Industry. Duties on Chinese companies prior to April 7 were US$62.82/mt, while duties on South Korean and Thai companies were imposed, ranging from US$23.61/mt to US$78.28/mt for South Korean companies, and ranging from US$45.43/mt to US$62.55/mt for Thai companies.
15-Apr-15 
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