Initiation of anti-dumping investigation concerning imports of ‘Acrylic Fibre’ from China PR, Peru and Thailand. (29.06.2024)

Product Description– The product under consideration is Acrylic Fibre. The scope of the product includes acrylic staples, acrylic tow and acrylic top. Acrylic fibre is a long chain of synthetic polymer composed of at least 90% weight of acrylonitrile, which is a major raw material used to produce acrylic fibre.

HS Codes– The product under consideration is classified under Chapter 55 of the Customs Tariff Act, 1975, under the subheadings 55013000, 55033000, and 55063000. The product is also being imported under 55033010 and 55033090. The customs classification is only indicative and not binding.

Uses– Acrylic Fibre is used for manufacturing yarn, which is used in making apparel, household items, industrial use, etc.

Countries involved– China PR, Peru, and Thailand.

Applicants– Indian Acrylics Limited, Pasupati Acrylon Limited and Vardhman Acrylics Limited.

Period of Investigation– Applicants have proposed period of investigation as 1st April 2023 to 31st December 2023. However, the Authority has considered 1st April 2023 to 31st March 2024.

Injury Period– 2020-21, 2021-22 and 2022-23 and the period of investigation.

Facts of the present case– The anti-dumping investigation concerning imports of Acrylic Fibre from China PR, Peru and Thailand was initiated vide notification dated 29th June 2024. The applicants have claimed that the volume of imports have increased in absolute term as well as in relation to production and consumption, despite there being no demand supply gap and undercutting the prices of the applicants. The subject imports have suppressed the prices, thereby preventing the applicants from increasing its prices to recover the full cost and achieve a reasonable rate of return. Further, the subject imports have adversely impacted the performance of the applicants with respect to production, capacity utilization, market share, return on capital, and profitability.