Tuesday, June 26, 2012

China’s Export of STPP to Benefit from India’s Anti-dumping Ruling

India's abolishment of imposed anti-dumping duties on STPP (Sodium Tripoly Phosphate) originating in China is to reopen an entry to India’s STPP market for China's enterprises, according to CCM International’s June issue of Phosphorus Industry China Monthly Report.
On May 14th, 2012, China's Ministry of Commerce (MOC) issued that India decided to abolish imposed anti-dumping duties on STPP originating in China, according to India's Ministry of Commerce and Industry Administration of Anti-dumping (MCIAA).
The anti-dumping investigation application was originally filed by India's Tata Chemicals Ltd. (Tata Chemicals) in 2009. Then in 2010, India decided to impose a six-month provisional anti-dumping duty on China's STPP. Tata Chemicals is a prime producer of STPP in India. From April to Dec. 2008, India imported USD43.38 million worth of STPP from China, accounting for 94% of the total imports. Tata Chemicals and several STPP producers complained that a good deal of cheaper STPP imported from China deeply blocked the development of local STPP producers.

In accordance with India's ruling released in Sept. 2010, China's four exporters (see the following figure) will be taxed from USD294/t to USD357/t. As for other Chinese exporters, they will be levied tax of USD671/t based on the volume of the dumped exports.
However, because Tata Chemicals and other India's chemicals companies currently have stopped the production of STPP, these enterprises suggested that MCIAA should cancel the anti-dumping duty on STPP imported from China. Thus India decided to abolish the imposed anti-dumping duty on STPP in China on Feb. 10th 2012.

According to the final ruling, China's relative enterprises could lodge an appeal on customs to China's court. It means that the enterprise involved in the event is expected to obtain a rebate.
Furthermore, India's ruling regarding canceling imposed anti-dumping duty on STPP originating in China is positive to China's STPP export market.
Since the anti-dumping duty was imposed on China's STPP, China's export of STPP to India declined year by year. From 2009 to 2011, the export volume of STPP to India was 56,466 tonnes, 33,305 tonnes and 10,050 tonnes, respectively accounting for 10.12%, 8.82% and 3.23% of total export volume. Correspondingly, if China's STTP export to India can be back to the level in 2009, China's STPP export volume will increase significantly in the future.

Source: Phosphorus Industry China Monthly Report 1206

Content of Phosphorus Industry China Monthly Report 1206:
Phosphorus Ore
Company Dynamics: Phosphorus asset injection to improve Yuntianhua’s profit
Goverment Guidance: Hubei issues phosphorus ore production goal of 2012  
Cooperation & Exchange: Wengfu and OCP to seek for win-win partnership 
Policy & Legislation:Compensation fees for phosphorus mine abolished in Yunnan Province
Yellow Phosphorus
Industrial Dynamics: China’s yellow phosphorus price shows seasonal decline 
Phosphate Fertilizer
Company Dynamics: Batian to push its phosphate business expansion in Guizhou
Economical Data: China publishes first wholesale price index for DAP
Fine Phosphate Chemical
Policy & Legislation: China’s export of STPP to benefit from India’s anti-dumping ruling
New Project: Wengfu Zijin Project to put into operation
Company Dynamics: Competitor’s exit to benefit Yoke Technology in short time
… …

Phosphorus Industry China Monthly Report, a monthly publication issued by CCM International on 15th of every month, provides you the latest information on company dynamic, industry dynamic, factors impacting the price fluctuation, technology improvement, supply & demand of China's phosphorus industry.

(Guangzhou China, June 20, 2012)

About CCM
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