OCCL Limited has informed the Exchange about Action(s) initiated or orders passed
OCCLLTD · price
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The Ministry of Finance has imposed anti-dumping duties on imports of Insoluble Sulphur from China PR and Japan for a period of five years, effective June 6, 2025. The duty is set at USD 307 per metric tonne for Chinese producers, USD 259/MT for Japan's Shikoku Chemicals Corporation, and USD 358/MT for other Japanese producers. This follows the DGTR's final recommendation from March 7, 2025, which found that dumping had caused material injury to the Indian domestic industry. OCCL Limited, being a domestic producer of insoluble sulphur, has stated that this duty is expected to have a significant positive impact on its performance by curbing unfair trade practices, though exact quantification is difficult due to geopolitical factors.
Positive for OCCL Limited and its shareholders — the anti-dumping duty shields the company from cheaper Chinese and Japanese imports, likely supporting better pricing power and market share for its insoluble sulphur business over the next five years.