India has imposed anti-dumping duty (ADD) on bottle-grade PET (polyethylene terephthalate) resin coming from China. While the Directorate General of Trade Remedies (DGTR) had concluded the investigation on the anti-dumping case in December 2020, the Ministry of Finance recently accepted and notified the recommendations.

PET resin ranging from $60.92 to $200.66, which is usually used for bottles, jars, containers and packaging applications, will face anti-dumping duty based on the quality.

According to DGTR, imports of bottle-grade PET from China increased from 88,247 metric tonnes in FY18 to 147,601MT in FY19, while imports from other countries declined. The Authority also observed that imports entered the market at a price significantly below the selling price of the domestic industry, thus undercutting the prices of the domestic industry in the market. “It is seen that the market share of subject imports increased considerably over the injury period, while the market share of the petitioning domestic industry fell," DGTR added.

IVL Dhunseri Petrochem Industries and Reliance Industries, the two largest producers of the product in India, accounting for 91% of domestic production, had filed an application before the DGTR, which prompted the anti-dumping investigation in October 2019.

“The subject imports are significantly undercutting the prices of the domestic industry. The market share of the domestic industry has fallen from 80% to 64% over the injury period. If dumping is not checked, the price of exports may fall further adversely affecting profitability of domestic industry," the application stated.