India amends, finalises e-PVC anti-dumping duties

India's Ministry of Finance (MCI) has finalised anti-dumping duties (ADDs) on imports of paste polyvinyl chloride (e-PVC) from China, South Korea, Malaysia, Norway, Taiwan and Thailand.

ADDs on the listed e-PVC export origins will be imposed for a period of five years from 13 June 2024, backdated to the imposition date of initial ADDs. These will be levied for e-PVC imports between 12 December 2024 and 20 March 2025, according to MCI in the Gazette of India on 21 March.

As per the initial anti-dumping investigation, finalised ADDs will be excluded for PVC resin with a K-value below 60, PVC blending resins, co-polymers of PVC paste resin, battery separator resins and the brand "Biovyn" produced by European PVC producer Inovyn.

Most e-PVC producers that were named under the initial anti-dumping investigation face higher finalised ADDs than their original value, except for South Korea's Hanwha Solutions, where ADDs remained at $0/t, and Malaysia's Kaneka Paste, for which ADDs dropped from $317/t to $0/t.

In conjunction with this investigation, Indian authorities are also currently conducting an anti-dumping investigation on e-PVC imports from the EU and Japan.

Argus last assessed e-PVC homopolymer import prices into India at $920-950/t cfr India on 21 March.

By Michael Vitiello