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India levies duty on PTA imports

Protecting the interests of domestic manufacturers, India has imposed anti-dumping duty on imports of Purified Terephthalic acid (PTA) from five countries.

The countries slapped with anti-dumping duty are China, Iran, Indonesia, Malaysia and Taiwan. Imports of PTA from these nations now attract an import restrictive tax in the range of 85.87 dollars to 168.76 dollars per metric ton.

PTA is a vital raw material for polyester yarn production. Reliance Industries is the sole manufacturer of PTA in the country.

Anti-dumping steps are taken to ensure fair trade and provide a level-playing field to the domestic industry.

In Asia, the growth in PTA consumption has been driven by strong polyester fiber demand, which is the largest segment accounting for nearly two-thirds of global polyester demand. Polyester fibers are used to make fabrics for apparel and home furnishings such as bed sheets, bedspreads, curtains and draperies. They are also spun together with natural fibers such as cotton to produce a cloth with improved properties such as wrinkle resistance.

Other PTA applications include coatings and composite materials, based on unsaturated polyester resins, and hot-melt adhesives.

India currently imports two to three lakh tons of purified terephthalic acid every year while domestic production is six lakh tons.

 
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