ChemicalTradeIntelligence104-A,“RAJUMANG”NexttoMarutiNagar,Ashokvan,DahisarEast,Bombay400068,INDIA.Tel:91-22-28972770,28970256&Fax:28972770.E-mail:ibiskus@vsnl.comWebsite:http://www.tradeintelligence.comCTI-VOL.IX,NO.1-APRIL1,2003FINALA-DDUTYONVITAMINAFollowingitsfinalfindings,theDesignatedAuthorityhasrecommendedimpositionofdefinitiveanti-dumpingdutyonimportsofVitaminAPalmitatefallingundertariffitemno.29362100fromtheEUandGeorgia.Singapore,whichwascoveredinthepreliminaryorder,hasbeenexcluded.Thegovernmenthasnotifiedthatthedefinitiveanti-dumpingdutywillbeatarateequaltothedifferencebetweenthelandedvalueofimportsandUS$113.95perkgofstrength1.7MIU/g.Forstrengthsotherthan1.7,thefloorpricewillbecalculatedproportionately.Thedutywillbeleviedwitheffectfromthedateofimpositionoftheprovisionalanti-dumpingduty,thatis,13August2002,payableinIndiancurrency.FINALA-DDUTYONCITRICACIDFollowingitsfinalfindings,theDesignatedAuthorityhasrecommendedimpositionofdefinitiveanti-dumpingdutyonimportsofCitricAcidfallingundersub-headingno.291814fromIndonesiaandThailand.Thegovernmenthasnotifiedthatthedefinitiveanti-dumpingdutywillbeatarateequaltothedifferencebetweenthelandedvalueofimportsandtheamountsshownbelow:*InthecaseofIndonesia:US$456.67pertonne*InthecaseofThailand:US$374.36/t.Thedutywillbeleviedwitheffectfromthedateofimpositionoftheprovisionalanti-dumpingduty,thatis,26thAugust2002,payableinIndiancurrency.NAPHTHAWEAKENSIntheimmediatewakeoftheoutbreakofwarinIraq,AsiannaphthapriceshavedeclinedassuppliesfromtheMiddleEastappearedtoremainnormalevenasIndiaenteredtheexportmarketwithsomeunusuallylargevolumes.Accordingtotradesources,RelianceIndustriesplacedasecondofferingofaround30,000tonnesofheavynaphthaforofftakeinthefirstweekofApril.Gasolinepricesalsodeclinedinscatteredtrade.SpeculationwasthatthesuddenReliancesalemightbearesultofatemporaryinabilitytoprocessthenaphtha.Heavynaphthaisusedasfeedstocktoproducearomatics,orbuildingblocksforchemicalproductssuchaspaintsandrubber.Itisalsousedtofeedreformingunitsfortheproductionofgasoline.........INBRIEF…….*TocurbtheillicituseofAnthranilicAcidintheproductionofN-AcetylAnthranilicAcidbytreatingitwithAceticAnhydrideandsubsequentuseinthemanufactureofMethaqualone(Mandrax),thegovernmenthasdeclaredAnthranilicAcidasacontrolledsubstance.*Frenchchemicalsmajor,Rhodia,recentlyreportedanetlossof4millioneurosin2002.ItisscheduledtoreportQ-1earningsonApril30.*MeanwhileanotherdruglaunchinJapanhasturnedintoatragiccontroversy,withthelungcancerdrug,Iressa,developedbyAstraZeneca,beingblamedfor174deathsamong30,000patientsinJapantowhomitwasadministeredinthe8monthssinceitslaunch.AccordingtoareportintheFinancialTimes,Japanistheonlycountrywherethecancerdrugwasapprovedandtheprocesstookonly5monthscomparedwithbetween1-2yearsformostotherdrugs.ChemicalTradeIntelligence104-A,“RAJUMANG”NexttoMarutiNagar,Ashokvan,DahisarEast,Bombay400068,INDIA.Tel:91-22-28972770,28970256&Fax:28972770.E-mail:ibiskus@vsnl.comWebsite:http://www.tradeintelligence.com>>>>COMINGEVENT<<<<2NDCHINAPETROCHEMICALSMARKETS,22-23April2003–Shanghai,China.Contact:MsSandyLeong,EventAdministrator,CentreforManagementTechnology,Singapore.Tel:(65)6345-7322.Fax:(65)6345-5928.Email:sandy@cmtsp.com.sgCHEMICALTRADEINTELLIGENCE,APRIL1,2003GLOBALCHEMICALPRICES[pertonne]CIFINDIANPORTSBASEDONARRIVALSINJANUARY2003PRODUCTSLANDEDATORIGINCI...
