ADD also imposed on imports of IPA or Iso Propyl Alcohol.
Deepak fertilizers and Deepak Nitrite (phenolics) both have major capacity here.
Positive for these two stocks.
IIFL Chemicals: Anti Dumping Duty imposed on IPA – Positive for Deepak Fertilizers and Deepak Nitrite
DGTR, Ministry of Commerce, has recommended an anti-dumping duty (ADD) on IPA originating in or exported from China. It now requires approval from the Ministry of Finance for implementation.
DGTR has recommended a duty of US$217/mt for imports from most companies in China. Imports from China nearly doubled in FY23, accounting for ~65% of total imports into India.
Deepak Fertiliser and Petrochemicals (DFPC) and Deepak Nitrite (DN) are the only manufacturers of IPA in India, with near similar sales volumes of ~65ktpa in FY24ii.
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