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PSF consumption in Indonesia improved in Q2, says Apsyfi

According to the executive director of the Indonesian Synthetic Fiber Producers Association (Apsyfi) Redma Wirawasta, consumption of polyester fiber or polyester staple fiber (PSF) in Indonesia immediately improved after the imposition of anti-dumping duties in Q2/FY16. Production of synthetic fibers began to escalate due to the imposition of anti-dumping duties for the textile raw material. Synthetic fiber factory in Indonesia producing 180,000 tons of polyester fiber in the second quarter of 2016, an increase of production in the first quarter/2016 of 120,000 tons of polyester fiber.

At 300,000 tons in the first half PSF production in volume terms is higher than 200,000 tons of PSF produced in the first half of 2015. Meanwhile, the government imposed Anti-Dumping Duty for PSF products from India, China and Taiwan. The additional tax is an extension of a similar anti dumping duties which is valid for five years from 2011. Anti-Dumping Committee of Indonesia asses the volume of imports of PSF third country of origin continues to increase towards the end of the imposition of BMAD.

 
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