EU polysilicon anti-dumping investigation is still continuing

Abstract Yesterday, the Ministry of Commerce announced the final result of the anti-dumping of solar-grade polysilicon in the United States and South Korea. From the perspective of tax rate, it is basically consistent with the initial tax rate. Experts in the new energy industry generally believe that sanctions are not strict, and the benefits to the domestic polysilicon industry are limited. Recently, polysilicon prices continue to climb...
Yesterday, the Ministry of Commerce announced the final result of the anti-dumping of solar-grade polysilicon in the United States and South Korea. From the perspective of tax rate, it is basically consistent with the initial tax rate. Experts in the new energy industry generally believe that sanctions are not strict, and the benefits to the domestic polysilicon industry are limited. Recently, polysilicon prices have continued to climb, but research institutions believe that with the resumption of production of a large number of polysilicon companies, overcapacity will once again plague the industry and trigger price declines.

Since July 20, 2012, the Ministry of Commerce has initiated an anti-dumping investigation on imported solar grade polysilicon originating in the United States and South Korea. In mid-July last year, the Ministry of Commerce issued the Announcement No. 48 of the year, promulgating the preliminary decision on the anti-dumping investigation of solar-grade polysilicon imported from the United States and South Korea, and found that the products under investigation were dumped. The Chinese solar-grade polysilicon industry was seriously damaged and dumped. There is a causal relationship with substantial damage.

Judging from the results of the ruling, the punitive tax rate of US companies is significantly higher than that of Korean companies, ranging from 53.3% to 57%. Among Korean companies, OCI Co., which exerted the greatest pressure on the domestic industry, was only ordered to impose a 2.4% anti-dumping duty. After the preliminary ruling results were announced, domestic polysilicon companies generally believed that the tax rates imposed by companies such as Korea OCI Co., Ltd. were low, and it was difficult to prevent them from continuing to impact the domestic polysilicon industry. The results of the final ruling announced yesterday showed that the US and Korean companies basically maintained the preliminary tax rate. The implementation period for imposing anti-dumping duties will be 5 years from January 20, 2014.

The anti-dumping investigation on solar-grade polysilicon originating in the EU is still continuing. According to the Ministry of Commerce’s previous announcement, the deadline will be May 1 this year.

It is foreseeable that PV trade friction will continue to affect China's PV industry. At the end of last year, the China Chamber of Commerce for Import and Export of Mechanical and Electrical Products said in a notice issued to the company that some PV companies in the United States intend to take new actions on solar photovoltaic products exported from China to the United States, specifically by blocking the Taiwanese OEM battery channel. Manufacturers have no regulations to avoid "double opposition." It is said that EU companies have similar ideas. The future export situation of China's photovoltaic products is still severe.

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