Asian Markets
February 11, 2026
Indian ADD for TDI 80
Government Extends Anti-Dumping Duty on TDI Imports from EU, Saudi Arabia
Custom Duty | Notifications ADD, Notifications/Circulars The Ministry of Finance has issued Notification No. 03/2026-Customs (ADD) dated 10 February 2026, imposing anti-dumping duty on imports of Toluene Di-Isocyanate (TDI) having isomer content in the ratio of 80:20, classified under tariff item 2929 10 20, originating in or exported from the European Union and Saudi Arabia. The decision follows final findings of the designated authority dated 12 November 2025, which concluded that cessation of existing anti-dumping duty would likely lead to continuation of dumping and injury to the domestic industry.
Exercising powers under Section 9A of the Customs Tariff Act, 1975 and relevant rules, the Government has specified producer-wise duty rates ranging from US$ 102.05 to US$ 344.33 per metric tonne. The duty will remain effective for five years unless earlier revoked or amended and shall be payable in Indian currency based on the exchange rate notified under the Customs Act.
MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2026-Customs (ADD) | Dated: 10th February, 2026 G.S.R. 121(E).— Whereas, in the matter of “Toluene Di-Isocyanate (TDI) having isomer content in the ratio of 80:20” (hereinafter referred to as the subject goods) falling under tariff item 2929 10 20 of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) (hereinafter referred to as the Customs Tariff Act), originating in or exported from European Union and Saudi Arabia (hereinafter referred to as the subject countries), and imported into India, the designated authority in its final findings, published in the Gazette of India, Extraordinary, Part I, section 1 vide notification No. 7/14/2024-DGTR, dated the 12th November, 2025 has inter alia come to the conclusion that there is a likelihood of continuation of dumping and consequent injury to the domestic industry in case of cessation of anti-dumping duty in force, and has recommended continued imposition of anti-dumping duty on imports of the subject goods originating in or exported from the subject countries.
Now, therefore, in exercise of the powers conferred by sub-sections (1) and (5) of section 9A of the Customs Tariff Act read with rules 18, 20 and 23 of the Customs Tariff (Identification, Assessment and Collection of Anti-dumping Duty on Dumped Articles and for Determination of Injury) Rules, 1995 and in supersession of the notification of the Government of India, Ministry of Finance (Department of Revenue) No. 28/2021-Customs (ADD), dated the 27th April, 2021, published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (i) vide number G.S.R. 297(E), dated the 27th April, 2021, except as respects things done or omitted to be done before such supersession, the Central Government, after considering the aforesaid final findings of the designated authority, hereby imposes on the subject goods, the description of which is specified in column (3) of the Table below, falling under tariff item of the First Schedule to the Customs Tariff Act as specified in the corresponding entry in column (2), originating in the countries as specified in the corresponding entry in column (4), exported from the countries as specified in the corresponding entry in column (5), produced by the producers as specified in the corresponding entry in column (6), and imported into India, an anti-dumping duty at the rate equal to the amount specified in corresponding entry in column (7), in the currency as specified in the corresponding entry in column (9) and as per the unit of measurement as specified in the corresponding entry in column (8) of the said Table, namely:−
Customs classification is only indicative and not binding on the scope of the subject goods. ** The subject goods in the present investigation concerns TDI having isomer content in the ratio of (80:20). All other grades are beyond the scope of subject goods. 2.
The anti-dumping duty imposed under this notification shall be effective for a period of five years (unless revoked, superseded, or amended earlier) from the date of publication of this notification in the Official Gazette and shall be payable in Indian currency.
Explanation. – For the purposes of this notification, the rate of exchange applicable for the purposes of calculation of such anti-dumping duty shall be the rate which is specified in the notification of the Government of India, in the Ministry of Finance (Department of Revenue), issued from time to time, in exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), and the relevant date for the determination of the rate of exchange shall be the date of presentation of the bill of entry under section 46 of the said Act. [F. No. 190349/6/2026-TRU] DHEERAJ SHARMA, Under Secy.
Read more at: https://taxguru.in/custom-duty/government-extends-anti-dumping-duty-tdi-imports-eu-saudi-arabia.html
February 2, 2026
Covestro Expands TDI in China
Covestro expands TDI production capacity in Shanghai to 370,000 tons, strengthening competitiveness amid global supply tightening.
2026-02-02 14:03:09Source:ChemNet中文
On January 30, Covestro announced the completion of a major capacity expansion and upgrade of the toluene diisocyanate (TDI) production facility at its Shanghai integrated site. The annual TDI production capacity increased from 310,000 tons to 370,000 tons, a nearly 20% increase, further strengthening its supply capabilities in the Asia-Pacific region.
Covestro’s Shanghai integrated site is located in the Shanghai Chemical Industry Park and is the company’s largest production base globally. This expansion did not involve building new production lines but was achieved by optimizing existing production processes and infrastructure, resulting in significant output growth without additional land or major equipment investments.
Covestro Continues to Enhance Competitiveness in the TDI Sector
In March 2025, its largest TDI plant in Europe, located in Dormagen, Germany, completed a modernization upgrade. With an annual capacity of 300,000 tons, the core of the upgrade focused on energy recycling, reducing energy consumption by 80% compared to traditional processes and cutting annual CO2 emissions by 22,000 tons. This not only strengthened its competitiveness in high-energy-cost markets but also provided customers with TDI products with a lower carbon footprint.
In early 2026, the global TDI market experienced a concentrated contraction in supply. In January, global TDI plant shutdowns for maintenance totaled 860,000 tons, accounting for 24% of global production capacity. This included temporary shutdowns at Hanwha in South Korea and Wanhua’s Xinjiang facility, compounded by previous maintenance and abnormal fluctuations at major plants such as Covestro Shanghai and Wanhua Fujian, leading to a widening global supply gap.
Tight Supply in the TDI Market
From January 12 to 22, Wanhua Chemical’s TDI distributor price was set at 15,200 RMB/ton. Due to the ongoing shutdown of the Northwest plant, there was no supply from Northwest sources during this period. A major Shanghai manufacturer adjusted its TDI price to 14,400 RMB/ton, with tight supply and limited quantities available.
China’s TDI Exports Hit a Record High in 2025
Import and export data show that China’s TDI exports reached a historic high in 2025, with total annual exports reaching 556,500 tons and cumulative imports of only 3,400 tons. In December, exports were 50,200 tons, with imports of 140 tons; in November, exports reached 56,500 tons, setting a record for monthly exports, while imports were 460 tons. China’s TDI supply is highly self-sufficient, with exports playing a dominant role.
January 13, 2026
China Reducing VAT Rebate for Exports of Polyol
Export Tax Rebate Adjustment on Photovoltaic Products & Polyether Polyols
PUdaily | Updated: January 12, 2026
For the polyurethane industry, the update is particularly relevant because it captures product classifications that may apply to polyether materials commonly traded as polyether polyols (depending on the exporter’s declared HS code and customs classification). As a result, affected exporters may face higher effective export costs after April 1, 2026, which could translate into adjustments in export offers and contract pricing discussions.
Market participants should monitor potential impacts on export netbacks and shipment planning. As rebate removal typically increases the effective export cost for in-scope products, exporters and buyers may also reassess shipment schedules and commercial terms ahead of the implementation date where feasible.
https://www.pudaily.com/Home/NewsDetails/61866
Key Policy Shift: China’s Polyether Polyols VAT Export Rebates Cancelled from April 2026
January 13, 2026
China’s Ministry of Finance and State Taxation Administration have announced the removal of VAT export rebates for polyether polyols (HS 39072990), effective April 1, 2026. This marks a pivotal moment for an industry where export dependency has reached ~33%, with 2026 exports projected at 2M tons.
The change will reshape competitiveness in global markets and accelerate strategic reviews across the polyether-PO value chain.
Propylene Oxide (PO): A Short-Term Demand Pulse
A short-term demand surge is expected as exporters accelerate orders pre-deadline. While current PO operating rates are high, the demand pulse may tighten availability. PO prices have already begun rising (up ~RMB 200/ton in Jiangsu), with further increases anticipated.
Downstream Ripple Effect: Cost pressure will extend to key PO derivatives.
- Propylene Glycol (PG)
- Propylene Carbonate (PC)
- Dimethyl Carbonate (DMC)
Looking Ahead: With over 2.5M tons of new polyether and PO capacity scheduled through 2028—including multiple 2026 startups—the industry faces both policy-driven restructuring and expanding supply.
#PolyetherPolyols #PropyleneOxide #ChemicalIndustry #ExportPolicy #ChinaMarket #PG #PC #DMC #SupplyChain
Views are personal and not those of the company.
Linkedin.com
January 9, 2026
India ADD on Flexible Polyol
India Extends Anti-Dumping Duty on Saudi, UAE Flexible Polyol
PUdaily | Updated: January 8, 2026
The Government of India has extended the existing anti-dumping duty on imports of Flexible Slabstock Polyol of molecular weight 3000–4000 originating in or exported from Saudi Arabia and the United Arab Emirates until 17 June 2026, the Ministry of Finance said in a notification issued on Friday.
The extension has been notified through Notification No. 01/2026-Customs (ADD), published in the Gazette of India, Extraordinary. The duty was originally imposed in April 2021 to address injury to the domestic industry caused by dumped imports.
The decision follows a sunset review initiated by the Directorate General of Trade Remedies (DGTR) on 18 March 2025 under Section 9A (5) of the Customs Tariff Act, 1975, read with Rule 23 of the Anti-Dumping Rules, 1995. The designated authority had recommended continuation of the duty pending completion of the review.
Accordingly, the Central Government has amended Notification No. 20/2021-Customs (ADD) to provide that, notwithstanding the original expiry date, the anti-dumping duty shall remain in force up to and inclusive of 17 June 2026, unless revoked, superseded, or amended earlier.
Flexible Slabstock Polyol, classified under Customs Tariff Heading 3907 29, is a key raw material used in the manufacture of polyurethane foams, with applications across furniture, bedding, and automotive sectors.
The extension is intended to ensure continued protection to the domestic industry against unfair pricing practices while the sunset review process is underway.
January 5, 2026
Hanwha TDI Update
Hanwha TDI Temporary Shutdown in South Korea
PUdaily | Updated: January 4, 2026
Market sources indicate that Hanwha’s 150,000 tpa TDI plant in South Korea has been temporarily shut down starting from January 2 due to feedstock shortages. The outage is preliminarily expected to last until January 9.
Everchem Updates Archive 
Sign Up for Email Updates