Group 1 - India has made significant adjustments to anti-dumping duties on PVC suspension resin originating from several countries, including China, Indonesia, Japan, South Korea, Thailand, and the United States, with the final duty rates for Chinese products increased from $82-$167/ton to $122-$232/ton [1] - The new duty rates are expected to reshape India's PVC import structure, with a notable impact on exports from China, which is the largest supplier of PVC to India [1] Group 2 - The implementation of India's BIS certification for PVC imports has been postponed to December 24, 2025, allowing more time for Chinese companies to apply for certification, although no Chinese PVC producer has yet obtained it [2] - India's annual PVC consumption is approximately 4 million tons, with over 2.5 million tons reliant on imports, and Chinese exports account for 45% of this total [2] Group 3 - Trade tensions have negatively impacted China's PVC exports, with a significant increase in exports in the first five months of the year followed by a decline of over 25% in June [3] - Although there has been a temporary easing of trade tensions, uncertainties remain regarding future export levels [3] Group 4 - The domestic PVC market in China is currently experiencing an oversupply situation, and the increase in anti-dumping duties by India, along with the potential implementation of BIS certification, is expected to increase export difficulties for Chinese PVC producers [4]

Group 1 - Brazil's foreign trade committee (GECEX) has modified the anti-dumping tax on PVC-S resin imported from the United States, changing the rate from 8.2% to CIF 43.7% effective immediately [1] - The decision is related to products under the Mercosur tax code 3904.10.10 [1] - Brazil has a history of anti-dumping investigations on PVC-S resin from the U.S. and Mexico, with multiple reviews and extensions of the tax since 1992 [2] Group 2 - The fifth anti-dumping sunset review initiated in 2021 resulted in a five-year extension of the anti-dumping tax for the U.S. at 8.2% and for Mexico at 13.6%, although the tax on Mexico was suspended due to uncertainties regarding future import trends [2] - The initial investigation in 1992 led to subsequent reviews in 1997, 2003, 2009, and 2015, all resulting in affirmative decisions to extend the tax [2] - The latest decision reflects ongoing protective measures for domestic producers like Braskem S.A. [2]