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Indian Government Extends Anti-Dumping Duty on Chinese and Korean Caustic Soda by 3 Months

The duty was then imposed on August 18, 2015 on material coming from the Peopleu2019s Republic of China and Korea RP for a period of five years. The move has been taken after Indiau2019s focus towards boycotting Chinese products amplified post the India-China border face-off in Galwan.

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Indian Government Extends Anti-Dumping Duty on Chinese and Korean Caustic Soda by 3 Months

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  1. Indian Government Extends Anti-Dumping Duty on Chinese and Korean Caustic Soda by 3 Months Government of India has extended anti-dumping duty on imports of Caustic Soda from China and Korea till November this year. The decision has been taken after the suggested recommendations of commerce ministry’s investigation body Directorate General of Trade Remedies (DGTR), in its efforts to safeguard the domestic industry from the cheap chemical imports from China and Korea. The duty was initially implemented in 2012 on a different group of countries to prevent material injury from undue dumping of Caustic from foreign players. The duty was then imposed on August 18, 2015 on material coming from the People’s Republic of China and Korea RP for a period of five years. The move has been taken after India’s focus towards boycotting Chinese products amplified post the India-China border face-off in Galwan. The duty shall remain in force till 17th November, 2020 unless revoked before time.Domestic Chlor-Alkali industry is thriving to bounce back after witnessing a slump due to fall in demand from several downstream sectors amid the pandemic. Local players have recorded significant improvement in demand for Chlorine derivatives driven by strong consumption from disinfectant and hygiene products in the fourth quarter. Get more info : https://www.chemanalyst.com/NewsAndDeals/NewsDetails/indian-government- extends-anti-dumping-duty-on-chinese-and-korean-caustic-soda-by-3-months-1324 However, the domestic Caustic Soda demand staged a strong recovery in sales volume after the quarter ending June. Caustic Soda Lye Ex-Depot Mumbai prices have rebounded to $320 per MT in August compared to the July levels when the prices had eased below $300 per MT. About Us ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defence, Water and Waste Management, BFSI and more. For more information, please visit us at www.chemanalyst.com Contact Us: Nilesh Vishwakarma B-44 Sector-57 Noida, National Capital Region Tel: 0120-4523948 Mob: +91-8882336899 Email: info@chemanalyst.com Source: ChemAnalyst

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