India has officially terminated its antidumping investigation into ethylene glycol (EG) imports from Kuwait, Saudi Arabia, and the United States. The decision follows a formal request by the investigation's domestic applicants, as outlined in a government notification dated November 27.

The investigation, initiated in June 2021, covered EG import activities from January to December 2020, with the injury period spanning 2017–2020. It aimed to assess the degree of alleged dumping and its impact on the domestic industry, with potential recommendations for antidumping duties.

The case was originally filed by India Glycols Ltd. and Reliance Industries Ltd., representing the domestic industry. However, in a letter dated September 25, the applicants withdrew their petition, citing outdated data. They argued that conclusions based on a four-year-old investigation period would no longer reflect current market realities.

During the injury period, India imported substantial quantities of EG:

• 1.07 million metric tons (MMT) between April 2017 and March 2018,
• 634,713 metric tons between April 2018 and March 2019,
• 787,574 metric tons between April 2019 and March 2020.

Kuwait and Saudi Arabia consistently ranked as the top EG suppliers to India. For the period April 2022 to March 2023, India’s EG imports reached 1.5 MMT, with Kuwait and Saudi Arabia remaining the leading exporters.

This development underscores shifting market dynamics and evolving import-export relationships in India’s chemical industry.

Souce: S&P Global