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Industry News | Time:May 10 2018 11:08AM
U.S. announces affirmative preliminary determinations in the antidumping duty investigations of PET resin imported from Brazil, Indonesia, Korea, Pakistan, and Taiwan.
 
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On April 30, 2018, the Department of Commerce (Commerce) announced its affirmative preliminary
determinations in the antidumping duty (AD) investigations of imports of polyethylene terephthalate
(PET) resin from Brazil, the Republic of Indonesia (Indonesia), the Republic of Korea (Korea), Pakistan and Taiwan.

In the Brazil investigation, Commerce calculated a preliminary dumping rate of 24.09 percent for
mandatory respondent M&G Polimeros Brasil S.A. Commerce calculated a preliminary dumping rate of
226.91 percent for mandatory respondent Companhia Integrada Textil de Pernambuco. Commerce
determined a preliminary dumping rate of 93.60 percent for all other producers and exporters of PET
resin from Brazil.

In the Indonesia investigation, Commerce calculated a preliminary dumping rate of 13.16 percent for mandatory respondent PT. Indorama Synthetics Tbk. Commerce determined a preliminary dumping rate
of 13.16 percent for all other producers and exporters of PET resin from Indonesia.

In the Korea investigation, Commerce calculated a preliminary dumping rate of 8.81 percent for
mandatory respondent SK Chemicals Co., Ltd. Commerce preliminary found mandatory respondents
Lotte Chemical Corp., Regd. and TK Chemical Corp. were dumping at a preliminary dumping margin of
101.41 percent based on adverse facts available due to their failure to provide responses to the
questionnaire issued by Commerce. Commerce determined a preliminary dumping rate of 8.81 percent
for all other producers and exporters of PET resin from Korea.

In the Pakistan investigation, Commerce calculated a preliminary dumping rate of 7.75 percent for
mandatory respondent Novatex Limited. Commerce determined a preliminary dumping rate of 7.75
percent for all other producers and exporters of PET resin from Pakistan.

In the Taiwan investigation, Commerce calculated a preliminary dumping rate of 11.89 percent for
mandatory respondent Far Eastern New Century Corporation/Far Eastern Textile Ltd./Worldwide
Polychem (HK), Ltd. Commerce calculated a preliminary dumping rate of 9.02 percent for mandatory
respondent Shinkong Synthetic Fibers Corporation. Commerce determined a preliminary dumping rate
of 10.99 percent for all other producers and exporters of PET resin from Taiwan.


As a result of the preliminary affirmative determinations, Commerce will instruct U.S. Customs and
Border Protection (CBP) to require cash deposits based on these preliminary rates.

The petitioners are DAK Americas, LLC (Charlotte, NC), Indorama Ventures USA, Inc. (Decatur, AL),
M&G Polymers USA, LLC (Houston, TX), and Nan Ya Plastics Corporation, America (Lake City, SC).
Indorama Ventures USA, Inc. is not a petitioner with respect to the Indonesia investigation.

The merchandise covered by these investigations is PET resin having an intrinsic viscosity of at least 70, but not more than 88, milliliters per gram (0.70 to 0.88 deciliters per gram). The scope includes blends of virgin PET resin and recycled PET resin containing 50 percent or more virgin PET resin content by weight, provided such blends meet the intrinsic viscosity requirements above. The scope includes all PET resin meeting the above specifications regardless of additives introduced in the manufacturing process.

The merchandise subject to these investigations is properly classified under subheadings 3907.61.0000 and 3907.69.0000 of the Harmonized Tariff Schedule of the United States (HTSUS). Although the HTSUS subheadings are provided for convenience and customs purposes, the written description of the merchandise covered by these investigations is dispositive.

In 2016, imports of PET resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan were valued at an estimated $51.7 million, $35.7 million, $24 million, $34.1 million, and $109.8 million, respectively.

The Preliminary Decision Memorandum is on file electronically via Enforcement and Compliance's
Antidumping and Countervailing Duty Centralized Electronic Service System (ACCESS). ACCESS is
available to registered users at https://access.trade.gov, and to all parties in the Central Records Unit, Room B8024 of the main Department of Commerce building. Please refer to case numbers A-351-852
for Brazil, A-560-832 for Indonesia, A-580-896 for Korea, A-535-905 for Pakistan, and A-583-862 for
Taiwan.

NEXT STEPS
Commerce is scheduled to announce its final determinations on or about September 17, 2018.

If Commerce makes affirmative final determinations, and the U.S. International Trade Commission (ITC) makes affirmative final determinations that imports of PET resin from Brazil, Indonesia, Korea, Pakistan, and Taiwan materially injure, or threaten material injury to, the domestic industry, Commerce will issue AD orders. If either Commerce or the ITC issue negative final determinations, no AD orders will be issued. The ITC is scheduled to make its final injury determinations approximately 45 days after Commerce issues its final determinations, if affirmative.

PRELIMINARY DUMPING RATES:
    DUMPING RATES
COUNTRY EXPORTER/PRODUCER
  M&G Polimeros Brasil S.A. 24.09%
Brazil Companhia Integrada Textil de Pernambuco 226.91%
  All Others 93.60%
     
    DUMPING RATES
COUNTRY EXPORTER/PRODUCER
Indonesia PT. Indorama Synthetics Tbk. 13.16%
All Others 13.16%
     
    DUMPING RATES
COUNTRY EXPORTER/PRODUCER
  SK Chemicals Co., Ltd 8.81%
  Lotte Chemical Corp., Regd. 101.41%
Korea TK Chemical Corp. 101.41%
  All Others 8.81%
     
    DUMPING RATES
COUNTRY EXPORTER/PRODUCER
  Novatex Limited 7.75%
Pakistan All Others 7.75%
     
    DUMPING RATES
COUNTRY EXPORTER/PRODUCER
  Far Eastern New Century Corporation, Far Eastern Textile Ltd., and Worldwide Polychem (HK), Ltd. 11.89%
  Shinkong Synthetic Fibers Corporation 9.02%
Taiwan All Others 10.99%


CASE CALENDAR:
EVENT DATE
Petitions Filed 25-Sep-17
DOC Initiations Date 16-Oct-17
ITC Preliminary Determinations 10-Nov-17
DOC Preliminary Determinations^ 27-Apr-18
DOC Final Determinations 17-Sep-18
ITC Final Determinations* 31-Oct-18
Issuance of Orders** 8-Nov-18


IMPORT STATISTICS:
BRAZIL 2014 2015 2016
Volume (metric tons) 1 15,749 58,397
Value (USD) 2,062 15,852,258 51,661,565
       
INDONESIA 2014 2015 2016
Volume (metric tons) 22,367 20,031 35,420
Value (USD) 31,192,662 21,395,147 35,651,388
       
KOREA 2014 2015 2016
Volume (metric tons) 1,512 8,729 26,133
Value (USD) 1,992,978 8,400,047 23,980,902
       
PAKISTAN 2014 2015 2016
Volume (metric tons) 13,302 18,773 36,767
Value (USD) 18,020,082 19,265,177 34,103,583
       
TAIWAN 2014 2015 2016
Volume (metric tons) 29,934 60,155 115,327
Value (USD) 43,715,194 66,955,609 109,827,090



Source: U.S. Department of Commerce | International Trade Administration
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