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US firms levy dumping charges

Three US companies say China, India, South Korea and Vietnam dump fine denier polyester staple fiber (PSF) in the US market with a damping margin of 21.43 per cent to 103.6 per cent.

The three US enterprises are DAK Americas, Nan Ya Plastics and Auriga Polymers.

Virgin and recycled manufactures contributed to 98 per cent of total polyester staple fiber imports to the US in 2016. US imports of polyester staple fiber rose by 7.6 per cent a year from 2011 to 2016 while exports during this time fell annually by nine per cent on an average.

China, South Korea and India have been the US’s top three sources of PSF since 2011. Imports from China, India, South Korea and Vietnam account for around 79 per cent of the total.

China’s polyester staple fiber export volume has continued to grow since 2011 and exceeded one million tons in 2016. In the past six years, the average export volume to the US was around 21 per cent of the average total. However the proportion of exports to this country mildly fluctuated downward from the highest of 25 per cent in 2011 to 19 per cent in the first five months of 2017.