DGTR Recommends Stiff Anti-dumping on PVC Suspension Resins from China, Indonesia, Japan, Korea, Taiwan, Thailand and USA

· DGTR Recommends Final Anti-dumping Duty on Complaint of DCM Shriram, DCW and Chemplast, Reliance and Finolex Support from Backstage

· Resin widely used in Construction, Plumbling, Foam

· China – US$122/MT to US$232/MT

· Indonesia – US$55/MT to US$ 204/MT

· Japan – US$49/MT to US$148/MT

· Korea RP – US$46/MT to US$ 169/MT

· Taiwan – US$22/MT to US$ 205/MT

· Thailand – US$60/MT to US$ 193/MT

· USA – US$72/MT to US$ 284/MT

[DGTR Notification Final Finding Case No. AD(OI) – 30/2023 dated 14.08.2025]

Final Findings – Anti-Dumping Investigation on PVC Suspension Resins

Case No. AD-OI-30/2023
Date: 14 August 2025
Authority: Directorate General of Trade Remedies (DGTR), Ministry of Commerce & Industry, Government of India

Subject Goods

· Product: Polyvinyl Chloride (PVC) Suspension Resins (S-PVC)

· Origin/Export from: China PR, Indonesia, Japan, Korea RP, Taiwan, Thailand, USA

· Scope: Suspension grade PVC resins with K-value above 55 and up to 77.

· Exclusions: Ultra-low (<55) and ultra-high (>77) K-value PVC, CPVC, cross-linked PVC, paste/emulsion resins, mass polymerization PVC, and blending resins.

Background

· Petition filed by Chemplast Cuddalore Pvt. Ltd., DCM Shriram Ltd., and DCW Ltd.

· Investigation initiated on 26 March 2024 after prima facie evidence of dumping.

· Preliminary findings (30 Oct 2024): confirmed dumping at below normal value, injury to domestic industry, and recommended provisional anti-dumping duty.

· Multiple hearings, submissions, and disclosure statements followed.

· Gujarat High Court initially ordered exclusion of certain specialty grades, but Supreme Court stayed that order in May 2025.

Positions of Parties

· Other Interested Parties:

o Sought exclusion of specialty grades (e.g., S65C, SF58S, SG66J) used in CPVC manufacturing.

o Claimed domestic industry does not supply equivalent grades, citing differences in porosity, density, and quality (esp. for pharma & CPVC applications).

o Pharma companies argued domestic K-57/K-60 grades unsuitable for packaging.

· Domestic Industry (Applicants):

o Denied existence of “specialty” grades, arguing all are substitutable.

o Claimed domestic production covers K-value 57–75.5, adequate for all uses.

o Stated imports of “special grades” are commercial choices, not technical necessity.

o Emphasized risk of circumvention if exclusions allowed.

· Authority’s Examination:

o Found no conclusive evidence of distinct specialty grades; lab reports show Indian and imported grades are comparable.

o Confirmed DCW Ltd. and others used their own S-PVC to manufacture CPVC.

o Noted that off-grade PVC cannot be excluded.

o Reaffirmed that S-PVC across K-57 to K-75.5 is produced domestically, hence no need for grade-wise exclusions.

Period of Investigation

· Dumping period: 1 Oct 2022 – 30 Sep 2023

· Injury analysis period: 2020–21 to 2022–23 and POI

Key Findings

1. Imports from subject countries were at dumped prices, causing material injury to Indian producers.

2. Domestic industry faced price suppression and loss of market share.

3. Alleged “specialty grades” (for CPVC/pharma) not sufficiently distinct to warrant exclusion.

4. Authority confirmed injury caused by dumped imports, not other factors.

Conclusion

· DGTR recommended imposition of final anti-dumping duties on imports of PVC Suspension Resins from the subject countries.

· Duties to be levied up to Non-Injurious Price (NIP) calculated from verified cost data.

· Final decision subject to outcome of the pending Supreme Court case.

In short: DGTR has confirmed dumping of PVC Suspension Resins from 7 countries, upheld injury to Indian producers, rejected exclusion of so-called specialty grades, and recommended anti-dumping duties.