Product description – The product under consideration is Flexible Slabstock Polyol, abbreviated as FSP. It is a clear, viscous liquid polymer of molecular weight 3000-4000 manufactured by polymerization of propylene oxide and ethylene oxide with a triol chain starter.

HS Codes: 3907 29 10 and 3907 29 90

Uses – FSP is a polyether used in the manufacturing of polyurethane foams which are used in mattresses, upholstery, pillows, bolsters, transport seating, and packaging.

Countries Involved – Saudi Arabia

Applicant – Manali Petrochemicals Limited

Period of Review –1^st October 2023 to 30^th September 2024.

Injury period – 2021-22, 2022-23, 2023-24 and the period of investigation.Facts of the present case – The present application was filed by the sole producer of FSP seeking redressal against continued dumping and consequent likelihood of injury from subject imports, in case of expiry of duty. The applicant submitted that despite anti-dumping duty in force, the volume of subject imports increased in absolute and relative terms over the injury period. Further, the price of subject imports continued to decline significantly over the injury period leading to price undercutting, suppression and depression of the domestic prices. As a result, the applicant incurred significant financial losses including cash losses, and negative return on investments. The applicant also submitted sufficient evidence to establish that there is likelihood of continued dumping and consequent injury to the domestic industry in the event of cessation of duties.