|
|
Morning Briefing - 14 February 2025Indonesia’s Anti-Dumping Committee (KADI) has proposed anti-dumping duty rates on PP block copolymer from five countries— South Korea, Vietnam, the UAE, Malaysia and Singapore. |
|
CommoPlast
Morning Briefing
14 February 2025
Brent: $75.02 (- $0.16)
WTI: $71.29 (- $0.08)
Naphtha CFR Japan: (- $13)
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: - $10
Propylene CFR China: - $10
*Data represent closing prices of the previous trading day
____________________________________________________________________
Indonesia’s Anti-Dumping Committee (KADI) has proposed anti-dumping duty rates on PP block copolymer from five countries— South Korea, Vietnam, the UAE, Malaysia and Singapore. This recommendation marks the conclusion of an investigation initiated in mid-August 2023, following PT Chandra Asri’s claims that imports from these origins had harmed its margins through dumping practices.
The preliminary rates include duties starting from 7.17% and reaching up to 29.01%, depending on the origin. However, these rates remain subject to review by the Ministry of Trade, which will assess KADI’s findings over a 45-day period before presenting a final proposal to the Ministry of Finance for approval.
___________________________________________________________________ _
As the market awaits March offers from a leading Taiwanese PVC producer, Asian players anticipate potentially stable-to-softer pricing. This outlook is driven in part by the depreciation of regional currencies since the beginning of the month, a trend linked to the US’s increasingly aggressive stance on trade policy.
Despite this, potential price declines may be constrained by sustained need-based purchasing. In India, market participants remain watchful for signs of a seasonal demand uptick ahead of summer, particularly from converters in the construction material sector.
____________________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Country
Indonesia
About CommoPlast Asia Sdn Bhd
Your empowering market insight site
