The Date Of The European Commission's Decision To PET Anti-Dumping Duties Is Approaching.

For imports to northwestern Europe Polyethylene terephthalate The decision of the anti-dumping duties is approaching, and the European Commission will make a decision at the first week of June.

At present, they are surveyed by Iran Petrochemical Business Corporation (PGC), JBF Industrial Company in UAE and Novatex company in Pakistan, an official of DG trading company confirmed.

It is reported that the anti-dumping duty is implemented to prevent dumping from importers of low cost in Europe, and to levy anti-dumping duties of 40-150 euros / ton (49-185 US dollars / ton) on imported materials. This punitive tariff is expected to make the European market short term 1 million 500 thousand tons in 2011.

A production company said, "three production companies in the Middle East will be hit by anti-dumping duties, and they will accomplish nothing in at least 3-4 months. These production companies supply 40 thousand tons of PET to the European market every month. Even if Artenius and Lotte British companies return to the market, they will be able to supply only 25000 tons / month. There will still be tight supply in Europe, and the price of PET will keep rising. "

A consumer in Britain said that if anti-dumping duties were imposed, the converter would take more action to challenge the prices of European production companies.

In 2009, PET imported from Europe, Pakistan and the United Arab Emirates and Iran was about 800 thousand tons. With the anti-dumping duties leading to the interruption of supply of PET, European production companies are only able to raise prices, despite feeding para xylene and monoethylene glycol The price is falling.

In April this year, the price of PET has been 300 euros / tonne higher than that of 2010, and tight supply and lack of imports will continue to drive prices up.

In addition, investigations into the dumping of harmful PET by KP chemical group in South Korea are ongoing.

　　 European Commissioner It will hopefully take 15 months to investigate the KP chemical company in Korea and all the parties concerned.