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Indonesia has launched an inquiry into the surge of imports of linear low density polyethylene (LLDPE) to determine the necessity of implementing protective measures. The trade ministry of Indonesia is investigating whether safeguard measures are required due to the significant rise in LLDPE imports. #ICIS #Indonesia #LLDPE #polyethylene #INAPLAS #KPPI #olefins #plastics

NEWS. The European Union (EU) has decided to maintain anti-dumping duties on oxalic acid imports from India and China. This decision comes after the European Commission concluded that these countries continue to sell oxalic acid in the EU market at unfairly low prices, harming European producers. To prevent companies from avoiding these duties, the EU has introduced new rules requiring importers to present a valid commercial invoice to customs authorities. This invoice must contain specific information about the origin and manufacturer of the oxalic acid. Failure to provide this information will result in higher duties. More information: https://lnkd.in/dJ3v7Ajn #Oxaquim #oxalicacid #oxalates #nitricacid #alcañiz #teruel #elcatllar #tarragona #antidumping Oxaquim by ImpExMUNDI.com

The 🇧🇷 #Brazilian chemical industry lobbying group, #Abiquim, has proposed a #tariff on #ammonium_nitrate #imports, requesting to raise the #tax on ammonium nitrate from zero to 15%. The organization's president, Andre Cordeiro, also proposed an average tariff of 11% on more than 60 other imported #chemicals. Abiquim's request is still awaiting review by the Ministry of Development and Trade. The request highlights the broader impact of #Western_sanctions on #Russia, with the group stating that Western sanctions on Russia ultimately support #Asian exporters by providing cheap #natural_gas, which is used as both a raw material and fuel to manufacture #fertilizers. Critics of the ammonium nitrate tax (also used in explosives) argue that the tariff will affect about 90% of domestic consumption, as #Brazil essentially relies on import supplies. Trade data shows that the country imported 1.1 million tons of #ammonium #nitrate last year, 84% of which came from Russia. According to data from the São Paulo #Fertilizer Group (#Siacesp), as of May this year, the country's #import volume was 629,500 tons, while the national production was 64,143 tons. In an interview, Andre Cordeiro stated that at a time when the domestic #chemical industry's utilization rate has fallen to its lowest level in 30 years (averaging 64%), the temporary tariff will provide a fair competitive environment for imported products. #AmmoniumNitrate Click below ⬇ to find out more of the global market trends. https://lnkd.in/gUHQ_VNj

Govt-backed Chinese refiner seeks oil import quota after restructuring, sources say. Jincheng Petrochemical, a newly restructured independent refiner controlled by the Liaoning provincial government in north-eastern China, is seeking crude oil import quotas for its three plants, four sources with knowledge of the matter said. Jincheng Petrochemical has applied to Beijing for quotas to import 15 million metric tons of crude per year, which equates to 300,000 barrels per day (bpd), or about 3% of the shipments the world's largest crude importer brings in. https://lnkd.in/e-HT8R2g

Our International Trade team has published a news alert on a new trade case involving imports of Dioctyl Terephthalate (DTOP) From #Taiwan, #Turkey, #Malaysia, and #Poland. Read their analysis of the case here: https://lnkd.in/gBtA82gW #internationaltrade #DTOP

Fuel import: Marketers differ as Dangote sues NNPCL, five others Dangote Petroleum Refinery and Petrochemicals has taken legal action against the Nigerian National Petroleum Corporation Limited (NNPCL) and five other companies, seeking the revocation of their import licenses for refined petroleum products. The other companies involved in the lawsuit are AYM Shafa Limited, A. A. Rano Limited, T. Time Petroleum Limited, 2015 Petroleum Limited, and Matrix Petroleum Services Limited. A part of the document obtained by The PUNCH showed Dangote refinery sought the following reliefs from the court against the defendants, “A Declaration that the 1st Defendant is in violation of Sections 317(8) and (9) of the Petroleum Industry Act by issuing licences for the importation of petroleum products, as such licences are to be issued only in circumstances where there is a petroleum product shortfall. At a hearing on Monday, counsel for Dangote, George Ibrahim SAN, informed Justice Inyang Ekwo that the parties were exploring a possible settlement. He requested an adjournment to allow for further discussions, with the judge setting January 20, 2025 for a report on the settlement or service of the summons. Some of the marketers, who also spoke on condition of anonymity because of the sensitivity of the matter, requested to see the originating summons before they would make comments on the matter. “What I know is there is no law in Nigeria that bans the importation of fuel, regardless of whether or not there is enough refining capacity. But I cannot speak to this issue unless I see the court papers", a marketer told The PUNCH. Another marketer noted that it would be against the Petroleum Industry Act to stop marketers from importing fuel, saying “the case is dead on arrival". According to Dangote Refinery, the continued importation of petroleum products by these companies is frustrating its efforts to produce and supply refined products locally. The refinery claims that its production capacity exceeds the current daily consumption of petroleum products in Nigeria, making importation unnecessary. The lawsuit, filed at the Federal High Court in Abuja, seeks a declaration that the Nigeria Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) violated Sections 317(8) and (9) of the Petroleum Industry Act (PIA) by issuing licenses for the importation of petroleum products. Dangote Refinery is also seeking N100 billion in damages against NMDPRA for allegedly continuing to issue import licenses. However, in a recent clarification, Dangote Group's Chief Branding and Communications Officer, Anthony Chiejina, stated that the lawsuit is not new and that parties are currently in discussion following President Bola Tinubu's directive on crude oil and refined products sales in Naira initiative. Chiejina added that no court processes have been served, and there are no intentions to do so, with plans to formally withdraw the matter in court by January 2025.

Three Major Marketers to Import 141m Litres of Petrol In a bid to address the lingering fuel scarcity in Nigeria, three major marketers have secured approval to import 141 million litres of premium motor spirit (PMS), also known as petrol. The importation is expected to alleviate the current fuel shortage and stabilize supply across the country. Dealers said about 141 million litres of PMS are being conveyed to Nigeria by the vessels following the full deregulation of the downstream oil sector by the Federal Government. They also noted that the recent hike in the pump prices of petrol produced by the Dangote Petroleum Refinery and released by the Nigerian National Petroleum Company Limited on Monday had allowed room for PMS imports. This came as the Nigerian Midstream and Downstream Petroleum Regulatory Authority declared that all imported PMS would be subjected to at least three major tests by the agency before being allowed for sale across the country. On Monday, NNPC announced that it would sell the petrol lifted from the Dangote refinery at a price above N1,000/litre in the far north. Its spokesperson, Olufemi Soneye, disclosed in a statement titled, ‘NNPC Ltd Releases Estimated Pump Prices of PMS from Dangote Refinery Based on September 2024 Pricing’. Soneye explained that the price may go for as high as N1,019/litre in Borno State and N999.22 in Abuja, Sokoto, Kano, and others. In Oyo, Rivers, and other areas in the South, it will be N960/litre. The lowest price, according to an infographic released by the NNPC, is N950 in Lagos and its environs. Reacting to this on Tuesday, a major marketer confirmed that the deregulation of the downstream sector had fully set in, stressing that three dealers are expecting their products (PMS) this week. "The allocation is part of the NNPC's efforts to address the fuel scarcity and ensure seamless supply of petroleum products across the country", an NNPC official stated. The fuel scarcity has persisted despite efforts by the NNPC to increase supply. The corporation has attributed the scarcity to logistical challenges, including vessel queues and gridlocks at the ports. Industry experts have welcomed the development, noting that the additional supply will help ease the pressure on the existing stock. However, some stakeholders have expressed concerns over the sustainability of fuel importation, emphasizing the need for domestic refining to reduce reliance on foreign exchange. The NNPC has assured that efforts are underway to revamp the refineries, with the Port Harcourt Refining Company Limited (PHRC) already undergoing rehabilitation. As Nigeria continues to grapple with fuel scarcity, the importation of 141 million litres of petrol is expected to provide temporary relief. However, stakeholders emphasize the need for long-term solutions to address the country's refining capacity.

Latin American petrochemical prices remain low due to global oversupply, with domestic producers hoping for relief from rising freight costs and protectionist policies. Brazil's producers face record-low operating rates and high gas prices, while Mexico's tariffs offer some protection but are still affected by global competition. Argentina's economic challenges and Venezuela's political instability add further complications to the region's petrochemical market. How do you plan your purchasing activity in your region? #Petrochemicals #LatinAmerica #MarketTrends #EconomicImpact #IndustryChallenges The top five petrochemical commodities are ethylene, propylene, benzene, toluene, and xylenes. Ethylene and propylene are key building blocks for producing plastics and synthetic fibers. Benzene, toluene, and xylenes are crucial for manufacturing chemicals, dyes, and solvents.

DGTR has recommended anti-dumping duty on #aluminium foils imported from #China after Hindalco sought an #investigation. However, the industry has expressed fears of creation of a “monopoly”. In its views to DGTR, the industry said that if the duties are imposed, it will adversely affect #downstream producers, impacting their ability to meet customer demands. #China, #monopoly #Hindalco #trade #aluminiumfoil https://lnkd.in/gXCREryB

#DGTD must enable reasonable #LevelPlayingField in investigation and remedies. Critical raw materials, accessories carnot be made costly for imports by ADD, where domestic variants are costlier. #Monopolistic, #Oligopolistuc tendencies have to be discouraged. #MSME, #SME sector units depend on cheaper imports for sustainability. If the Injury to the business of applicant unit/s deny the basic rights of the larger ecosystem, remedies have to be in the larger interest of the Industry involving sizeable employment. #AntiDumpingDuty #Import #Export #Tariff #Monopoly #Oligopoly