EU to impose 11.1% anti-dumping duties on MEG imports from Saudi Arabia

17/05/2021 Argaam

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.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read