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Related Keywords: central government, Chemical and petrochemical manufacturers, continue anti dumping duty, foreign competition, home synthetic textile industry, Mitsubishi, PTA users, Purified terephthalic acid, Reliance

Chemical and petrochemical manufacturers have urged the central government to specifically continue with the anti-dumping duty (ADD) on purified terephthalic acid (PTA), as per Business Standard to protect the home synthetic textile industry from foreign competition.

PTA, a raw material for polyester production, currently attracts ADD of US$23.75-117/ton on its import from China, Korea, Thailand and the European Union.

Related Keywords: crude oil prices, ethylene price, MEG price, mono ethylene glycol, naphtha price, paraxylene price, polyester chip, polyester fiber, polyester filament, Polyester prices, polyester spun, polyester yarn, PTA price, Purified terephthalic acid

In the week ended 5 September, crude oil prices climbed more than US$2 early in the week as the markets bounced off several month lows hit in the previous week. Also prospects for peace in CIS and a strong US data raised demand expectations. Weaker US$ and expectations of a decline in US crude stocks also supported prices. However, the oil complex settled lower on the week after a ceasefire agreement in Ukraine helped minimize risk premium, while concerns remain over the impact of Russian sanctions on European demand.

Related Keywords: Alpek, BASF, business units, caprolactam, joint venture, Polioles, polyester, Purified terephthalic acid

BASF SE German giant and Alpek SAB de CV, the petrochemicals arm of Mexican conglomerate Alfa Group have entered into an agreement that changes the business units of their 50-50 Polioles SA de CV, joint venture in Mexico.
 
Polioles S.A. de C.V. is a petrochemical company that manufactures and markets a range of chemical products. It has five business units: chemical specialties, estyropor, polyurethane, industrial chemicals and PUR's, as well as two plants located in Altamira and Lerma. It is a subsidiary of "Alfa Group" and "BASF AG".

Related Keywords: anti-dumping duty, DGAD, Mitsubishi Chemical Corporation, polyester chip, PTA India, Purified terephthalic acid, RIL, synthetic textile

Imposition of provisional anti-dumping duty likely on purified terephthalic acid (PTA) originating in or exported to India from China, South Korea, Thailand and the European Union. The duty will be ranging from $19.05-$117.09 per MT.