U.S. starts anti-dumping probe into PET resin imports (updated)

Nan Ya Plastics

18/10/2017 24:25

(Adds petitioners, value of imports, background on case) 
    WASHINGTON, Oct 17 (Reuters) - The U.S. Department of 
Commerce said on Tuesday it began an investigation into whether 
imports of polyethylene terephthalate (PET) resin from Brazil, 
Indonesia, South Korea, Pakistan and Taiwan were being dumped in 
the U.S. market. 
    The U.S. International Trade Commission is expected to make 
a decision by Nov. 13 on whether imports of the material used to 
make clothing and plastic bottles harm or threaten to harm U.S. 
producers, the department said in a statement 
    If they are found to do so, the Commerce Department would 
continue its investigation and make a preliminary antidumping 
decision by March 5, 2018, the department said. 
    The probes were prompted by petitions filed by DAK Americas 
LLC of North Carolina, Indorama Ventures USA Inc of Alabama, M&G 
Polymers USA LLC of Houston, and Nan Ya Plastics Corp America of 
South Carolina, a unit of Taiwan's Nan Ya Plastics Corp 
 1303.TW , the department said. Indorama Ventures USA Inc is not 
a petitioner with respect to the Indonesia investigation, it 
said.  
    The estimated dumping margins alleged by the petitioners 
range from 18.76 to 115.87 percent, 8.49 to 53.50 percent, 55.74 
to 101.41 percent, 25.03 to 43.40 percent, and 14.67 to 45.00 
percent for Brazil, Indonesia, South Korea, Pakistan and Taiwan, 
respectively, the statement said. 
    In 2016, imports of PET resin from Brazil, Indonesia, South 
Korea, Pakistan and Taiwan were valued at an estimated $51.7 
million, $35.7 million, $24 million, $34.1 million and $109.8 
million, respectively. 
 
 (Reporting by Eric Walsh; Editing by Mohammad Zargham and 
Andrew Hay) 
 ((eric.walsh@thomsonreuters.com; 1-202-898-8457; Reuters 
Messaging: eric.walsh.thomsonreuters.com@reuters.net)) 
 
Keywords: USA TRADE/PET RESIN