The European Commission (EC) announced the proposed anti-dumping duties on monoethylene glycol (MEG) imports from Saudi Arabia and the United States.
According to a statement, the anti-dumping duties on MEG imports from Saudi Arabia are estimated at 11.1%. This will be levied on all Saudi companies, including Yanbu National Petrochemical Co. (Yansab), Saudi Kayan Petrochemical Co. (Saudi Kayan), Eastern Petrochemical Co. (Sharq), Saudi Yanbu Petrochemical Co. (Yanpet), Arabian Petrochemical Co. (Petrokemya), and Jubail United Petrochemical Co. (JUPC).
According to data compiled by Argaam, EC started in October 2020 an anti-dumping probe into MEG imports from Saudi Arabia and the US. The probe followed a petition from European ethylene glycol producers, which represent 25% of the total producers.
In December 2019, India also started an anti-dumping probe into imports of MEG from Saudi Arabia, Kuwait, Oman, the UAE, and Singapore.
Saudi-listed firms such as Yansab, Saudi Kayan, and PetroRabigh, and unlisted market players, such as Sharq, Yanpet and JUPC are producing MEG in Saudi Arabia.
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