Saudi government discusses Polypropylene (PP) anti-dumping with India on Tasnee's behalf

10/04/2011 12:00 - 409 Views

Dubai (Platts)--

The Saudi Arabian government has taken over discussions with India on anti-dumping duty the South Asian country has imposed on National Industrialization Company, or Tasnee's, polypropylene exports, senior Tasnee officials said Wednesday on the sidelines of the Second Gulf Petrochemicals and Chemicals Association Plastics summit.
In December last year, Tasnee officials told Platts the company was directly discussing the issue with the Indian government.

"The Saudi government is continuing the discussion with India's Ministry of Commerce and Industries," one of the senior Tasnee officials said.

The Indian government slapped anti-dumping duties on PP from Oman, Saudi Arabia and Singapore following a ruling issued by its Ministry of Finance on November 22, 2010. The action came as a result of a petition filed by Reliance Industries Limited, which was supported by Haldia Petrochemicals.

The duties apply to all polypropylene imports under HS codes 39021000 and 3902300, which include homopolymers as well as copolymers of propylene and ethylene, but exclude expanded polypropylene beads.

India's polypropylene requirements are estimated at about 1.5 million mt/year, only a fraction of which is met by the Persian Gulf-based producers.

Shashank Shekhar, shashank_shekhar@platts.com

6 Apr 2011/831 am EDT/1231 GMT
By Shashank Shekhar
Source: platts.com