Topic
plastics
Commodities Deadly Fire at Russia's Amur Polymer Hub Clouds Launch of Asian Export Stream
A deadly fire at Russia's $12bn Amur Gas Chemical Complex has thrown uncertainty over the imminent launch of a massive new polymer export stream destined largely for Asian markets, according to Splash247. Seven people were killed and more than 130 injured in the incident during commissioning. The complex, a Sibur-Sinopec joint venture, was set to produce 2.3 million tonnes of polyethylene and 400,000 tonnes of polypropylene annually.
Trade Import restriction on low-priced PVC resin may push domestic prices: GTRI
The Directorate General of Foreign Trade (DGFT) has imposed a minimum import price (MIP) of USD 0.766 per kg on Suspension Grade Polyvinyl Chloride (S-PVC) Resin for six months, requiring imports below that threshold to obtain a license. According to trade think tank GTRI, the measure is expected to increase domestic PVC resin prices but is unlikely to significantly reduce India's heavy dependence on imports, as domestic production meets only 36% of demand.
India Imposes Six-Month Import Restrictions on Suspension Grade PVC Resin Below $0.766/kg
The Indian Directorate General of Foreign Trade has restricted imports of suspension grade PVC resin with a CIF value of $0.766 per kilogram or less for six months, with exceptions for 100% Export Oriented Units, SEZ units, and imports under the Advance Authorisation Scheme. The move follows an anti-dumping investigation by the Directorate General of Trade Remedies (DGTR) initiated after a complaint by domestic manufacturers Chemplast Cuddalore Private Limited, DCM Shriram Limited, and DCW Limited, alleging dumping from seven countries.
Commodities Government restricts low-priced suspension-grade PVC resin imports for six months
The Indian government has restricted imports of low-priced suspension-grade PVC resin for six months by imposing a minimum import price of USD 0.766 per kg. The move, effective immediately, changes the import policy from 'Free' to 'Restricted' for S-PVC under HS code 39041020. Exemptions are granted to export-oriented units (EOUs), SEZs, and units under the Advance Authorisation Scheme, provided the imported inputs are not sold into the domestic tariff area. The policy change follows an anti-dumping investigation by the DGTR that found material injury to domestic producers from dumped imports.
Commodities Fertilizer Raw Material Prices Surge Amid US-Iran Conflict
Fertilizer raw material prices have surged due to the US-Iran conflict, impacting Gujarat State Fertilizers & Chemicals Ltd (GSFC). However, government subsidies are expected to absorb the cost impact, protecting margins in key products like Urea and DAP.