All Posts from May 14, 2013

PhosChem announces trade deal

Phosphate Chemicals Export Association Inc. (PhosChem) said today that it has reached an agreement to supply 400,000 mt of DAP to two large Indian customers for shipment between now and September 2013. The price is at current market levels.

PhosChem was founded in 1974 in accordance with the provisions of the Webb-Pomerene Act and is the export marketing association for its members. The Act was created to promote U.S. exports. PhosChem is the largest exporter of concentrated phosphate from North America. Its member companies include Mosaic Crop Nutrition, LLC, a wholly-owned subsidiary of The Mosaic Company (NYSE: MOS), and PCS Sales (USA), Inc., an indirect, wholly-owned subsidiary of Potash Corporation of Saskatchewan Inc. (TSE and NYSE: POT).

USITC votes to continue antidumping duties on AN from Ukraine

The U.S. International Trade Commission (USITC) voted on May 13 to keep in place the existing antidumping duties on ammonium nitrate imports from Ukraine. The decision was the culmination of the second five-year sunset review of the antidumping order, which was first imposed in 2001.

All six USITC commissioners decided that revoking the antidumping duty order on ammonium nitrate from Ukraine would be likely to lead to continuation or recurrence of material injury to the domestic industry within a reasonably foreseeable time. As a result of the ruling, the current dumping margin of 156.29 percent will remain in place for ammonium nitrate imports from Ukraine.

The USITC’s first sunset review of the order occurred in 2006/07, and also produced an affirmative ruling. The second five-year review process was instituted in June 2012. The USITC decided in September 2012 to conduct a full review after reviewing responses from interested parties concerning the likely effects of revoking the order.

A full report of the USITC’s views in reaching its decision, Ammonium Nitrate from Ukraine (Inv. No. 731-TA-894 (Second Review), USITC Publication 4396, May 2013), will be available after June 14, 2013. Orders for the report can be submitted at that time by emailing pubrequest@usitc.gov; calling 202-205-2000; faxing 202-205-2104; or writing to the Office of the Secretary, U.S. International Trade Commission, 500 E Street SW, Washington, DC 20436.