Nov 07, 2024 11:24 a.m.

Update: India issues preliminary anti-dumping findings on PVC imports from seven countries

The petitioners argued that the flood of imported PVC, particularly suspension-grade products, threatened local market stability and profitability, necessitating protective tariffs.

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Seven months after initiating an anti-dumping investigation into PVC imports, Indian authorities have released preliminary findings as of 30 October 2024, recommending significant tariffs on numerous producers from China, Indonesia, Japan, South Korea, Taiwan, Thailand, and the United States.

The investigation began in March 2024 following a petition by domestic producers Chemplast Cuddalore Vinyls Limited (CCVL), DCM Shriram Limited, and DCW Limited, who claimed that a sharp rise in PVC imports from these nations had severely impacted India’s PVC industry. The petitioners argued that the flood of imported PVC, particularly suspension-grade products, threatened local market stability and profitability, necessitating protective tariffs.

As part of the investigation, the Directorate General of Trade Remedies (DGTR) distributed detailed questionnaires to 41 identified producers from the subject countries and 61 known Indian importers and users of PVC categorized under HS code 39041020. The data collected from these responses formed the basis of the preliminary findings. While the report provides a framework for duties, industry observers have noted concerns regarding the scope and methodology of the data assessment, questioning its reflection of the broader market trends.

Stakeholders from both domestic and foreign entities now have a 30-day window to review the findings and submit objections. Their input will be taken into account before the authorities issue a final decision.

The following table details the proposed anti-dumping duty rate for each PVC producer:

No.

Country of Origin

Producer

Proposed ADD rate (USD/ton)

1

China

Chiping Xinfa Polyvinyl Chloride Co Ltd

USD 125

2

China

Chiping Xinfa Huaxing Chemical Co Ltd

USD 125

3

China

Tianjin Bohua Chemical Development

USD 82

4

China

Qingdao Haiwan Chemical Co., Ltd.

USD 92

5

China

Non-Sampled Producers, as   per list below*

USD 97

6

China

Any producer other than Sl. No. (1) to (5)

USD 167

7

Any country other than China, Indonesia, Japan, Korea, Taiwan, Thailand and USA

Any

USD 167

8

Indonesia

PT. Asahimas Chemical

USD 73

9

Indonesia

PT. TPC Indo Plastic and Chemicals

USD 61

10

Indonesia

Any producer other than Sl.  No. (8) and (9)

USD 200

11

Any country other than China, Indonesia, Japan, Korea, Taiwan, Thailand and USA

Any

USD 200

12

Japan

Kaneka Corporation

USD 54

13

Japan

Shin-Etsu    Chemical Co., Ltd.

USD 73

14

Japan

Non-Sampled Producers

USD 66

15

Japan

Any producer other than Sl. No. (12) to (14)

USD 147

16

Any country other than China, Indonesia, Japan, Korea, Taiwan, Thailand and USA

Any

USD 147

17

South Korea

LG Chem Ltd

USD 51

18

South Korea

Hanwha Solutions Corporation

NIL

19

South Korea

Any producer, other than Sl. No. (17) & (18)

USD 161

20

Any country other than China, Indonesia, Japan, Korea, Taiwan, Thailand and USA

Any

USD 161

21

Taiwan

China General Plastics Corporation

USD 25

22

Taiwan

CGPC Polymer Corporation

USD 25

23

Taiwan

Ocean Plastics Co Ltd

USD 40

24

Taiwan

Formosa Plastics Corporation

USD 74

25

Taiwan

Any producer, other than Sl.  No. (21) to (24)

USD 163

26

Any country other than China, Indonesia,
Japan, Korea, Taiwan, Thailand and USA

Any

USD 163

27

Thailand

Thai   Plastics   and Chemicals Plc

USD 53

28

Thailand

AGC Vinythai Public Company Limited

USD 80

29

Thailand

Any producer, other than Sl. No. (27) and (28)

USD 184

30

Any country other than China, Indonesia, Japan, Korea, Taiwan, Thailand and USA

Any

USD 184

31

USA

Westlake Chemicals & Vinyls LLC

USD 164

32

USA

Westlake Vinyls, Inc.

USD 164

33

USA

Westlake Vinyls Company LP

USD 164

34

USA

Shintech Incorporated

USD 104

35

USA

Any producer other than   Sl.   No.   (31)   to (34)

USD 339

36

Any country other than China, Indonesia, Japan, Korea, Taiwan, Thailand and the USA

Any

USD 339

 

Written by: Rochelle Nguyen

Country

India