Duties increased on polyurethane prepolymers

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[fullwidth background_color=”” background_image=”” background_parallax=”none” enable_mobile=”no” parallax_speed=”0.3″ background_repeat=”no-repeat” background_position=”left top” video_url=”” video_aspect_ratio=”16:9″ video_webm=”” video_mp4=”” video_ogv=”” video_preview_image=”” overlay_color=”” overlay_opacity=”0.5″ video_mute=”yes” video_loop=”yes” fade=”no” border_size=”0px” border_color=”” border_style=”” padding_top=”20″ padding_bottom=”20″ padding_left=”” padding_right=”” hundred_percent=”no” equal_height_columns=”no” hide_on_mobile=”no” menu_anchor=”” class=”” id=””][fusion_text]If you don’t know what a polyurethane prepolymer is then join the club. We don’t know either, but in August 2015, National Urethane Industries brought an application to have the duties increased on these plastic raw materials. We noted at the time, that volumes were in fact increasing and the prices were failing, which normally indicates that something is afoot. ITAC appears to agree and a duty of 10% has been imposed, by creating a new tariff subheading (3909.50.10: Prepolymers with an NCO percentage of less than 20 per cent by mass) The challenge, however, is that most of the imports are being sent out of the EU, which means this duty increase will have only a limited effect, as can be seen on this chart (The chart and data is provided by stratralyze.com). Screen-Shot-2016-03-11-at-6.52.34-AM Given the above situation, National Urethane Industries, may be better off applying for an anti-dumping duty, which can be applied to any country and will not therefore exempt the EU.[/fusion_text][/fullwidth]

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