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US slaps preliminary tariffs on PET from Brazil, Indonesia, S Korea, Pakistan, Taiwan

Singapore — The US Department of Commerce will impose preliminary antidumping dutieson polyethylene terephthalate imports from Brazil, Indonesia, South Korea,Pakistan and Taiwan, before making a final determination on the duties onSeptember 17, it said Tuesday.

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"As a result of today's [Tuesday's] decision, Commerce will instruct U.S.Customs and Border Protection (CBP) to collect cash deposits from importers ofPET resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan based on thesepreliminary rates," the department said in a statement.

For Brazil, M&G Polimeros Brasil faces 24.09% duty while CompanhiaIntegrada Textil de Pernambuco has been hit with 226.91%. All other Brazilianproducers and exporters face 93.60% duty.

For Indonesia, Indo-Rama Synthetics and other companies in the countryface a duty of 13.16%.

For South Korea, the duties imposed are: SK Chemicals 8.81%, LotteChemical and TK Chemical 101.41% and all other companies there 8.81%.

For Pakistan, Novatex and all other domestic companies are hit with 7.75%duty.

For Taiwan, Far Eastern New Century, Far Eastern Textile and WorldwidePolychem (HK) face 11.89% duty while Shinkong Synthetic Fibers face 9.02%. Allother Taiwanese companies would be hit by 10.99%.

In 2016, PET imports from Brazil totaled 58,397 mt, 35,420 mt fromIndonesia, 26,133 mt from South Korea, 36,767 mt from Pakistan and 115,327 mtfrom Taiwan.

--Clement Choo, clement.choo@spglobal.com

--Edited by Geetha Narayanasamy, geetha.narayanasamy@spglobal.com