Indian phenol producers rise on extension of anti-dumping duty

Hindustan Organic Chemicals

04/03/2021 07:15

** Shares of phenol producers Deepak Nitrite  DPNT.NS  and
Hindustan Organic Chemicals  HOCL.BO  rise after India extends
anti-dumping duty on the chemical compound
    ** India extended a levy of anti-dumping duty on phenol
originating in or exported from EU and Singapore until June 7,
according to a govt statement  urn:newsml:reuters.com:*:nL3N2L13U8
    ** DPNT rises as much as 5.5% to a record high of 1,690
rupees
    ** HOCL advances as much as 4.9% to 34.25 rupees, its
highest since Nov.16, 2018
    ** DPNT has risen 70.1% this year, as of last close

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))