China to Impose Anti-dumping and Countervailing Duties on Solar Grade Polysilicon Imported From EU

published: 2014-05-05 18:42 | editor: | category: Analysis

Chinese government announced that it will impose anti-dumping and countervailing duties on solar grade polysilicon imported from EU as an immediate reaction against EU’s former decision of imposing the same duties on China-made PV glasses. Announced on May 1st, the countervailing duties will entirely be 1.2% while the anti-dumping duties will be 14.3% or 42%.

Company/Manufacturer

Anti-Dumping Duties Rates

Countervailing Duties Rates

Germany

Wacker Chemie AG (not subject to duty)

14.30%

1.20%

Schmid Group

42%

1.20%

Joint Solar Silicon (JSS)

42%

1.20%

Italy

MEMC Electronic Materials SpA

42%

1.20%

MEMC Electronic Materials

42%

1.20%

SILFAB S.p.A.

42%

1.20%

Estelux S.r.l.

42%

1.20%

PrimeSolar S.r.l.

42%

1.20%

Spain

Siliken Spain

42%

1.20%

All Others

14.30%

1.20%

Source: Ministry of Commerce of People’s Republic of China

Wacker Chemie will not be subject to any duty because it has suggested certain price undertaking agreement to China and has been accepted by responsible Chinese authorities. For the next two years, Wacker Chemie will not be imposed on any anti-dumping and countervailing duties.

An investigation conducted by EnergyTrend shows that, in China, most polysilicon are imported from Europe and South Korea, and Wacker and OCI are the leading importers. Although China is launching anti-dumping and countervailing duties on EU makers to weaken their competitiveness in the nation, Wacker could remain intact on the basis of its agreement with China. List price of polysilicon made by Wacker will not be added up by any extra tax.

Being unknown to the public at the moment, the CIF agreed by Wacker and China, according to EnergyTrend’s research on the investigation and the contents of current agreement, is possible to be RMB$145/kg ~ RMB$155/kg (approximately US$23.4/kg ~ US$25/kg). As quotes provided by OCI, Wacker’s strongest rival, are around US$23/kg, Wacker can remain its competitiveness in the Chinese market if the CIF is what EnergyTrend estimates.

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