ADVERTISEMENT
4 /5 FREE ARTICLES LEFT THIS MONTH Remaining
Chemistry matters. Join us to get the news you need.

If you have an ACS member number, please enter it here so we can link this account to your membership. (optional)

ACS values your privacy. By submitting your information, you are gaining access to C&EN and subscribing to our weekly newsletter. We use the information you provide to make your reading experience better, and we will never sell your data to third party members.

ENJOY UNLIMITED ACCES TO C&EN

Trade

U.S. imposes duties on some PET resin imports

by Glenn Hess, special to C&EN
May 13, 2018 | APPEARED IN VOLUME 96, ISSUE 20

 

The U.S. Department of Commerce has made preliminary determinations that polyethylene terephthalate (PET) exporters in Brazil, Indonesia, Korea, Pakistan, and Taiwan have been selling the resin in the U.S. at less than fair value. The department levied estimated antidumping duties at rates ranging from 7.75% to 226.91% on PET resin imports originating from the five countries after concluding the early phase of its investigation. The inquiry began last October after four major U.S. plastics producers—DAK Americas, Indorama Ventures USA, M&G Polymers USA, and Nan Ya Plastics Corp., America—filed complaints with the government. They alleged that imports of low-priced PET resin from the five targeted nations increased by over 305% between 2014 and 2016, causing U.S. producers to lose sales, profits, and market share. “The imposition of provisional relief will go a long way toward helping the domestic industry begin to recover from the injury caused by unfairly traded PET resin imports,” says Paul Rosenthal of Kelley Drye & Warren, counsel to the U.S. producers. Commerce is expected to make final determinations by mid-September.

X

Article:

This article has been sent to the following recipient:

Leave A Comment

*Required to comment