Chinese dumping concerns rise on PET resins; industry calls for action

Domestic players allege unfair trade by Chinese suppliers like Wankai, urging DGTR to tighten anti-dumping actions to protect India's petrochemical sector

Indian PET resin players have approached the Directorate General of Trade Remedies (DGTR), seeking stringent action against major exporters like Wankai New Materials, a Chinese firm, saying they are engaging in unfair trade practices. 

 

These practices are causing revenue losses for the government and hurting prospects of the domestic industry, said the Forum of PET Manufacturers (FoPM).

 

This comes despite the imposition of an anti-dumping duty from April 2021, and the government imposing an additional anti-absorption duty of $25 per tonne on Wankai from November 2024.

 

According to the FoPM, the Chinese major is misusing its export facility and dumping