The U.S. Commerce Department has made preliminary determinations that exports of polyester staple fibers from China and India received subsidies of 7% to 48%. Duties will be finalized by January 12 after the case was previously delayed. A parallel case on low-melt fibers is still underway. The case has been partly successful already, with Chinese exports to the U.S. having fallen by 84% sequentially in August vs. July. That hasn’t had an undue effect on manufacturers in China, whose total exports of fibers more broadly climbed 13% as volumes were diverted to Indonesia and Vietnam.
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