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On August 26, Liu Dewei, general manager of Xiamen Xianglu Petrochemical Co., Ltd., told the media that the anti-dumping case against South Korea and Thailand's PTA had finally been finalized by the Ministry of Commerce after 20 months. Report and win. Its amount of up to $3.6 billion involved the largest case in the history of international anti-dumping.
PTA is the most important chemical raw material in the polyester industry. Although China's PTA production capacity currently accounts for 41.5% of Asia's total production capacity and 34% of the world's total production capacity, its domestic demand is huge. Korea, Thailand, Japan, Malaysia, and Mexico Many other countries will target China. In recent years, PTAs in South Korea and Thailand have used unfair methods to suppress the development of domestic PTA industries. In 2007, Xianglu Petrochemical's operating conditions deteriorated sharply. The second-phase project with an annual output of 1.5 million tons scheduled to be built in 2008 was forced to cancel. In the same year, Zhejiang Hualian Sanxin Petrochemical Co., Ltd., the largest domestic PTA company, was forced to reorganize. The industry-wide loss of domestic PTA industry first appeared in 2007. In desperation, on December 12, 2008, Xianglu Petrochemical Co., Ltd. jointly affiliated with Zhejiang Yisheng Petrochemical Co., Ltd. and Zhejiang Hualian Sanxin Petrochemical Co., Ltd. jointly lodged a lawsuit against anti-dumping PTAs of South Korea and Thailand.
On August 11 this year, the Ministry of Commerce finally announced the final ruling. Since August 12th, the anti-dumping duties on imported refined terephthalic acid originating in South Korea and Thailand have been levied, and the tax rate ranges from 2% to 20.1%.
For the final ruling of the Ministry of Commerce, Liu Dewei calculated a sum of money for the reporter to calculate the current output value of Xianglu, which means Xianglu regained a price gap of at least 200 million to 2 billion yuan, and its profitability increased significantly. At present, Xianglu Petrochemical's second-phase project has accelerated the pace of production, and the original shelved project is also ready to start. For downstream industries, in the process of increasing domestic production and reducing imports, the PTA contract settlement price is more fair and reasonable, and the PTA raw material purchase cost is reduced by more than 100 yuan per ton.
PTA is the most important chemical raw material in the polyester industry. Although China's PTA production capacity currently accounts for 41.5% of Asia's total production capacity and 34% of the world's total production capacity, its domestic demand is huge. Korea, Thailand, Japan, Malaysia, and Mexico Many other countries will target China. In recent years, PTAs in South Korea and Thailand have used unfair methods to suppress the development of domestic PTA industries. In 2007, Xianglu Petrochemical's operating conditions deteriorated sharply. The second-phase project with an annual output of 1.5 million tons scheduled to be built in 2008 was forced to cancel. In the same year, Zhejiang Hualian Sanxin Petrochemical Co., Ltd., the largest domestic PTA company, was forced to reorganize. The industry-wide loss of domestic PTA industry first appeared in 2007. In desperation, on December 12, 2008, Xianglu Petrochemical Co., Ltd. jointly affiliated with Zhejiang Yisheng Petrochemical Co., Ltd. and Zhejiang Hualian Sanxin Petrochemical Co., Ltd. jointly lodged a lawsuit against anti-dumping PTAs of South Korea and Thailand.
On August 11 this year, the Ministry of Commerce finally announced the final ruling. Since August 12th, the anti-dumping duties on imported refined terephthalic acid originating in South Korea and Thailand have been levied, and the tax rate ranges from 2% to 20.1%.
For the final ruling of the Ministry of Commerce, Liu Dewei calculated a sum of money for the reporter to calculate the current output value of Xianglu, which means Xianglu regained a price gap of at least 200 million to 2 billion yuan, and its profitability increased significantly. At present, Xianglu Petrochemical's second-phase project has accelerated the pace of production, and the original shelved project is also ready to start. For downstream industries, in the process of increasing domestic production and reducing imports, the PTA contract settlement price is more fair and reasonable, and the PTA raw material purchase cost is reduced by more than 100 yuan per ton.
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