India's Manali Petrochemicals up as anti-dumping duty imposed on polyol imports

Manali Petrochemicals

03/04/2024 10:05

** Shares of Manali Petrochemicals  MNLI.NS  climb 15%,
biggest intraday percent gain in three years, to 71.65 rupees
    ** Indian government imposes anti-dumping duty on imports of
flexible slabstock polyols originating in or exported from China
and Thailand
    ** Polyols are used in making mattresses, pillows, bolsters,
transport seating and packaging
    ** MNLI, a major domestic producer of polyols, filed an
application last year seeking anti-dumping duty on the imports,
alleging it hurts domestic industry
    ** Day's move trims MNLI's YTD losses to 9.7%; stock most
active in nearly three months since Jan. 11 - LSEG data

    
    
    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))