Sri Vinnakota’s Post

China's antimony export restrictions could shake up global industries. Read more https://lnkd.in/gUQywmHB to learn how this will impact supply chains and innovation. #Antimony #GlobalTrade #SupplyChain

#India Imposes #Anti_Dumping_Duty on #Epichlorohydrin_Imports from China, Korea, Thailand India has imposed an anti-dumping duty of up to $557 per tonne on Epichlorohydrin, a key chemical used in the adhesive industry, imported from China, Korea, and Thailand. The duty, effective for five years, aims to protect domestic manufacturers from unfairly cheap imports. This move follows recommendations from the Directorate General of Trade Remedies (DGTR) after investigations showed that the chemical was being sold below normal prices, harming local industries. Anti-dumping duties are part of India's efforts to ensure fair trade practices and level the playing field for domestic producers, in line with WTO regulations. #India #AntiDumpingDuty #Epichlorohydrin #Trade #WTO #Chemicals #Manufacturing #FairTrade #Adhesives

【NEWS UPDATE】🌍 Challenges in the Global Chemical Industry: A Growing Concern for China’s Exports 🌍 https://lnkd.in/gP-Aptnk Recently, the U.S. Department of Commerce announced preliminary anti-dumping rulings on epoxy resins imported from China, India, South Korea, Thailand, and Taiwan, with Chinese producers facing a staggering dumping margin of 354.99%. As China grapples with these trade barriers, the implications for its chemical industry are significant. 🚫💰 China's epoxy resin production capacity stands at 6 million tons, with another 1 million tons still under construction, yet domestic demand hovers around 1.7 million tons. This imbalance highlights the urgent need for export markets, and the imposition of anti-dumping measures could lead to a serious oversupply crisis. 📉 Over 40 types of chemical products from China are now subject to export restrictions, with countries like India, the U.S., and members of the EU implementing anti-dumping measures. This trend is expected to continue, putting immense pressure on China's chemical enterprises, which are facing the risk of reduced export revenue and potential capital chain disruptions. 📊🔗 From 1995 to 2023, China has seen 1,614 anti-dumping cases, making it the largest target of trade protectionism globally. Recent discussions in the U.S. about revoking China’s most-favored-nation status further exacerbate these challenges. About 48% of China's exports to the U.S. are already impacted by additional tariffs, with rates projected to exceed 60% for various sectors. ⚖️ As the landscape becomes increasingly hostile, Chinese companies may need to raise prices to cope with rising costs, which could stifle innovation and lead to a vicious cycle of competitive disadvantage. 🚀 The road ahead is fraught with challenges, but understanding these dynamics is crucial for navigating the global market landscape. Together, the industry must adapt and innovate to ensure sustainable growth and resilience amidst adversity. #ChemicalIndustry #GlobalTrade #AntiDumping #ChinaExports #Innovation #Sustainability #TradeChallenges #BusinessStrategy

Antimony market reacts calmly to China’s new export ban to the US The #antimony market reacted calmly to China's new export ban, as many industry participants already expected that supplies from China to the US would be ceased, sources told #Fastmarkets in the week ended Friday December 6. The expectation that supplies would cease moving from China to the US has been reported since China’s announcement of antimony export controls in August. China's Ministry of Commerce announced export restrictions for antimony, gallium, germanium, and ultra-hard materials to the US on Tuesday December 3, just one day after the White House slapped fresh curbs on the sale of high-bandwidth memory chips to China. Meanwhile, there have been no confirmed reports of any Chinese antimony exporter obtaining another dual-use items permit since the first such approval three weeks earlier. In the week started on November 18, one Chinese antimony seller obtained a dual-use export permit from the country’s Ministry of Commerce for a shipment to South Korea. To date, that is the only dual-use items permit for antimony issued by the Chinese authorities since export restrictions, Fastmarkets understands. Subscribers can read more on: https://lnkd.in/e7z6HYcD

**Latest International Trade-India Updates** 🚨 The Directorate General of Trade Remedies (DGTR) initiates anti-dumping investigations on multiple products and countries. -DGTR has ramped up its efforts to stop unfair trade practices by initiating a significant number of anti-dumping investigations across various products and countries. These measures aim to protect domestic industries from the adverse effects of dumped imports, ensuring fair competition and market stability. -Below is a list of the anti-dumping duty investigations that have been initiated: 1. “Aniline” originating in or exported from China 2. “Calcium Carbonate Filler Masterbatch” originating in or exported from Vietnam 3. “1,1,1,2-Tetrafluoroethane or R-134a” originating in or exported from China 4. “CRNO Steel” originating in or exported from China 5. “Acrylonitrile Butadiene Rubber (NBR)” originating in or exported from China, EU, Korea and Russia 6. “Certain Antioxidants” originating in or exported from China and Singapore 7. “Black Toner Powder Cartridge” originating in or exported from China 8. “Resorcinol” originating in or exported from China and Japan 9. “Copolymer Polyol of hydroxyl value >= 23.5” originating in or exported from China 10. “Polytetrafluoroethylene (PTFE)” originating in or exported from China and Russia 11. “Mono Ethylene Glycol” originating in or exported from Kuwait, Saudi Arabia and Singapore 12. “Solar Cells whether or not assembled in Modules or made up into Panels” originating in or exported from China 13. “Para Nitrotoluene (PNT)” originating in or exported from the EU 14. “Siloxane Polyoxyalkylene Copolymers having viscosity upto 2500cst” originating in or exported from China 15. “Black Toner - in powder form” originating in exported from China, Malaysia and Taiwan 16. “Virgin Multi-layer Paperboard” originating in or exported from Chile and China 17. “Sodium Citrate” originating in or exported from China 18. “Certain Cranes” originating in or exported from China 19. “Soda Ash” originating in or exported from Turkey, Russia, USA and Iran 🗣️ Upcoming Oral Hearings: -Roller Chains (China) on 07.10.2024 -Glufosinate and its salt (China) on 18.10.2024 Stay informed as these investigations progress! Amar Anand World Trade Organization #TradeRemedies #AntiDumping #InternationalTrade #DGTR #Knowledge #Updates #Sodaash #Steel #Cranes #Paper #MEG #Solar #Rubber #Antioxidants #SodiumCitrate #BlackToner #PTFE #CPP #CalciumCarbonate #NBR #Aniline

Government sources have indicated that the 11-month trade data between April 2023 and February 2024 showed an annual fall in exports of textiles. Terming exports as a function of demand and supply and dependent on several variables, sources attributed the fall in exports to slack international demand and geopolitical challenges like the Red Sea conflict. #textileexports #rmgexport #exportfall https://lnkd.in/ggDVGY4a

#Export #Ipmort #News ① China will launch an "anti-discrimination investigation" on the relevant restrictive measures taken by Canada ② 70% of listed aluminum companies have increased their net profits in the first half of the year, and actively "go overseas" to deploy high-quality mineral resources ③ Mexico issued a final ruling on the anti-dumping review investigation of microwires for welding in China ④ India made a preliminary anti-dumping ruling on aluminum foil from China ⑤ India made a final anti-absorption ruling on the anti-dumping case of PET resin from China ⑥ Global semiconductor demand has rebounded, and South Korea's chip exports in August increased by 39% year-on-year⑦ The EU General Product Safety Regulation (GPSR) requirements will be implemented on December 13, 2024 ⑧ Singapore revised the import conditions for poultry products ⑨ Northeast Securities: North America's interest rate cut is coming, attach importance to export industry chain opportunities, and continue to be optimistic about construction machinery ⑩ Customs helps Chinese delicacies spread abroad, and mooncake exports usher in a peak season

As the recently signed #FTA between Serbia and China goes into effect it will be interesting to follow the effect on Serbian exports and businesses. The FTA involves reciprocal elimination of tariffs on 90% of tariff lines, with more than 60% taking immediate effect which for Serbia at the moment predominantly includes agricultural products such as fresh apples, blueberries, dried plums, jams, seeds and beef. This will very likely continue to other sectors such as renewable energy, healthcare and tourism. From a business perspective creating new distribution points of sale and green lights to enter new markets is always welcomed. One is hopeful that this will create a positive supply chain that will also benefit #SMEs in this #emerging market. Keen to know your thoughts on this and follow us for further updates. #trade #business #export #import

This week's 𝗧𝗿𝗮𝗱𝗲 𝗕𝗹𝗶𝘁𝘇 covers the latest trade developments in the last week. It contains updates on trade policy, customs, and sanctions, across the US, Europe & and India. This week's Trade Blitz is brought to you by Divyashree Suri. - Hong Kong and Singapore have banned the sale of certain Indian spice brands following detections of ethylene oxide, a carcinogenic pesticide, in some spice mixes. - President Biden has stated that his administration would prevent the acquisition of U.S. Steel by Japan’s Nippon Steel. He also advocated for tripling existing tariffs on Chinese steel. - India’s overall exports of goods and services are expected to surpass last year's highest record. Main drivers for exports of goods included electronic goods, pharmaceuticals, engineering goods, iron ore, and ceramic products & glassware. Read the update here: https://lnkd.in/dphBghz2 Suhail Nathani; Sanjay Notani; Parthsarathi Jha; Ambarish Sathianathan; Harika Bakaraju; Naghm Ghei; Divyashree Suri; Mitul Kaushal; Sarthak Yadav; Shweta Kushe; ELP Trade Watch #ELPinsights #internationaltrade #europe #WTO #update #india

#Brazil’🇧🇷s industry ministry has launched a number of investigations into the alleged #dumping of industrial products by #China🇨🇳 as #LatinAmerica’s largest economy reels from a wave of cheap imported goods. At the request of industry bodies, the ministry has in the past six months opened at least half a dozen probes on products ranging from #metal sheets and pre-painted #steel to #chemicals and #tyres. The Brazilian measures come at a time when the world is bracing for a flood of #exports from China as the world’s second-largest economy struggles with excess capacity amid a property sector slowdown and weak domestic demand. To stimulate its economy, China is investing in advanced #manufacturing, especially in #solarenergy, #electricvehicles and #batteries. In addition to Brazil, China’s steel exports to #Vietnam, #Thailand, #Malaysia and #Indonesia have risen sharply in recent months. Developed markets have started taking extensive measures against imports from China, with the #EU launching an anti-#subsidy probe into Chinese #EVs and the #Biden administration recently raising security concerns over the Asian country’s vehicles. China’s exports grew 7.1 per cent in the first two months of this year, far outpacing growth in imports. #Dumping🇨🇳🇧🇷