India imposes dumping duties on Chinese TPUs

New Delhi – The Indian government has imposed anti-dumping duties on thermoplastic polyurethanes (TPUs) originating or exported from China.

The decision followed a probe launched last year upon a petition by Covestro India, the sole manufacturer of the products in the country.

In a recent announcement, the directorate general of trade remedies (DGTR) at the Indian commerce determined injury margins of 30-40% for Chinese TPU supplier Miracll Chemicals; 40-50% for Zhejiang Huafon TPU and 60-70% for all others, while BASF’s injury margin was negative.

As a result, the authority imposed anti-dumping duties of $0.93/kg for Miracll; $1.15/kg for Zhejiang Huafon and $1.58/kg for all others.

The product scope covered polyester-based and polyether-based TPU elastomers while polycaprolactone-based TPUs were specifically excluded from the investigation.

According to DGTR, India’s imports from China increased from 5,056 tonnes in 2019-20 to 13,780 tonnes in the period of investigation (April 2022 to 31 March 2023) .

In indexed terms, imports from China increased by 173 % in the POI when compared to 2019-20.

Meanwhile, Indian production has remained stable and slightly decreased during the period, while demand rose 73%.

In terms of pricing, DGTR said products imported from China during the period averaged at INR242/kg while other imported products averaged at INR453/kg.