New anti-dumping duties on homopolymer suspension grade PVC imports from Taiwan, Korea, China, the US, Indonesia, Thailand and Malaysia have officially taken effect starting June 13, the Indian Ministry of Commerce and Industry said late Friday.
According to an official notice issued by the government, new anti-dumping charges levied will stay effective for a period of five years, from 2014 to 2018, unless otherwise stated by the government.
An Indian trade source said market participants were not affected by the sudden levy as it had only been a "matter of time" before the new duties were imposed, so the local market was noted to be prepared for it.
A Northeast Asia source said buying demand in India remained "good and firm" in the sentiment-driven market after official announcements Friday. The source said he had received increased interest from Indian buyers for PVC cargoes free of additional duties this week.
Previous anti-dumping duties were in force for six years before legally expiring in late January.
