Views: 7 Author: Site Editor Publish Time: 2020-06-15 Origin: Site
According to Ministry of Commerce, the Ministry of Commerce and Industry of India announced that it will initiate an anti-dumping investigation on polyester yarn (polyester spun yarn) originating in China, Indonesia, Nepal and Vietnam on May 21, 2020. The products mainly involves the products under Indian customs code 55092100. According to the announcement, stakeholders should submit relevant information to the investigating authority within 30 days from the date of filing.
So what’s the impact of the anti-dumping investigation on China polyester single yarn market?
Looking from polyester single yarn imports of India, it totaled 64kt in 2019 with 46% from Indonesia and 30% from China. However, the imports from the countries involved in the investigation-China, Indonesia, Vietnam and Nepal- accounted for 99% of total polyester single yarn imports of India, which nearly covered all polyester single yarn imports.