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Government of India has imposed anti-dumping duty of up to USD 135.40 per tonne on imports of a chemical used in foam making from Thailand.
The move is aimed at protecting domestic players from cheap imports of ‘Flexible Slabstock Polyol’ from the South-East Asian country.
The application for the anti-dumping investigation was filed by Manali Petrochemicals Ltd on behalf of the domestic industry. The company has claimed that these account for more than 95 per cent of the total production for the product. Keep an eye on this stock for upside rally.