S.Korea chemical firms rise as U.S. removes anti-dumping duty on PET resin

TK Chemical

24/10/2018 02:29

** Shares of South Korean chemical producers jump after the
United States International Trade Commission says polyethylene
terephthalate (PET) resin from Korea does not injure U.S.
Industry https://bit.ly/2PP6joM
    ** U.S. Department of Commerce (DOC) in September issued
affirmative final anti-dumping duty determinations on PET Resin
from five countries including South Korea https://bit.ly/2RabC2i
    ** U.S. DOC says it calculated a dumping rate of 8.23 pct
for mandatory respondent SK Chemicals Co Ltd  285130.KS , while
mandatory respondents Lotte Chemical Corp  011170.KS  and TK
Chemical Corp  104480.KQ  were dumping at a preliminary dumping
margin of 101.41 pct each
    ** Shares of TK Chemical surge as much as 17.6 pct, while
Lotte Chemical rises up to 6.6 pct 
    ** Broader market  .KS11  flat as of 0119 GMT

 ((joori.roh.thomsonreuters.com@reuters.net))