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The safeguard duty on phenol has been extended by the Finance Ministry for 2 more years to Jun 2003.
A 10% duty will be imposed on imports until Jun 2002, while a 7% duty will be imposed on imports between 30 Jun 2002 and 29 Jun 2003.
Ethylene production rose by 1.5% on top of the 16.2% increase in Apr 2000.
Prices of ethylene remained at Rup 31,500/tonne for the fifth consecutive month in May 2001.
A 7% drop in methanol production was recorded in Apr 2001, with prices remaining in the range of Rup 16-17/litre.
Soda ash production rose by 7.7% in 2000-01, while caustic soda output rose 15.1% in the same period.
A 2.5% …