Trade Resources Industry Trends China-Based Makers Are Expected to Increase Their Local Spot Market Prices to US$17/Kg

China-Based Makers Are Expected to Increase Their Local Spot Market Prices to US$17/Kg

As the China government is likely to announce anti-dumping and anti-subsidy tariffs on polysilicon imported from Europe,the US and South Korea with a retroactive period of 30 days in the first quarter of 2013,China-based polysilicon makers are expected to increase their local spot market prices from US$15-16/kg currently to US$17/kg in early February,according to Taiwan-based makers.

In addition,the spot price is expected to continue increasing after the verdict has been announced.

Rumors in the China solar market have stated that the anti-dumping and anti-subsidy tariff will likely be around 40-50%,which will effectively limit the supply of imported materials from the EU,South Korea,and the US.

Solar makers in China noted that some international material firms have begun to control the amount of imported polysilicon to China due to the 90-day retroactive period but some Europe-based solar firms have been dumping polysilicon.

At the end of November,China's Ministry of Commerce announced that there will be a 90-day retroactive period for punitive tariffs on polysilicon imports for from the EU,South Korea,and the US when the verdict is handed down.

According to China-based media,the total import of polysilicon in 2011 was 64,600 tons,showing an on-year growth of 36%.From February-July 2012,the imported polysilicon reached 29,174 tons.In September 2012 alone,the imported polysilicon reached a record high of 8,720 tons,representing an on-month increase of 13.15%.

Source: http://www.digitimes.com/news/a20130111PD207.html
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China-Based Makers to Hike Polysilicon Spot Prices to US 17 dollars /KG in Early February
Topics: Lighting