Yesterday, a notice from the Ministry of Commerce announced that it will not only continue to implement anti-dumping measures on imported polysilicon originating in South Korea, but also raise the anti-dumping duties of many Korean enterprises to varying degrees.
In the opinion of the industry, this measure, together with overhaul and strong demand, will jointly push up the polysilicon prices in the first three quarters of 2018. The world's second largest polysilicon producer WACKER Group President and CEO Dr. Shi Tuochi told the Shanghai Securities News reporter interview said polysilicon prices will continue to rise.
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Yesterday, the Ministry of Commerce released an announcement on the review of the review on the dumping and dumping margins of imported solar grade polycrystalline silicon originating in South Korea. The announcement shows that there is dumping of imported solar grade polycrystalline silicon originating in Korea. Since November 22, 2017, importers should pay corresponding customs duties to the Customs of the People's Republic of China when importing surveyed products. Anti-dumping duties to the customs examination dutiable value ad valorem.
Compared with the original tax rate, the review rates for this review period are roughly as follows: the OCI tax rate was raised from 2.4% to 4.4%, the South Korea Hankook tax rate from 2.8% to 9.5% and the Hanwha Chemical tariff rate from 12.3% to 8.9%. The remaining enterprises raised their anti-dumping duties a lot, with the new tax rates ranging from 88.7% to 113.8%. In this review, the relative impact of OCI is the smallest, while Hanwha Chemical is benefiting from the reduction in the tax rate and later may increase exports to China.
"The tax rate increase is not too much, especially the OCI tax rate increases the smallest." SOLARZOOM new energy think tank expert Dingya told the Shanghai Securities Daily yesterday that the current domestic production for high-purity polycrystalline crystal pull capacity is not high, The monocrystalline silicon has soared significantly this year, resulting in slightly tighter supply of high-purity polysilicon. OCI has been one of the major suppliers of high-purity polysilicon in domestic silicon enterprises. Once the anti-dumping tax rate is raised sharply, it will easily lead to the loss of sources of silicon supply for monocrystalline silicon enterprises. This may be one of the reasons for this tax rate increase is not large.
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In his view, the current domestic polysilicon industry has grown and many polysilicon companies such as GCL, Tongwei, the cost is much lower than the OCI and other foreign companies, and is still expanding, which also makes the anti-dumping tax rate does not require substantial Increase.
He believes that since the second quarter, polysilicon prices have been at a high level, once the anti-dumping tax rate increase is too large, will stimulate polysilicon prices rose, resulting in blind expansion of high-cost small businesses, resulting in waste of investment. From a more perspective, the current phase is not suitable for launching a large-scale trade war.
It is reported that OCI has a production capacity of 52,000 tons in South Korea, the acquisition of its Tederstu plant in Malaysia has an effective production capacity of 13,800 tons (this part of the barrier to enter China), South Korea's silicon and Hanwha Chemical each have 15,000 tons capacity.
"The industry has actually expected this tax rate adjustment has long been the current point of view, the downstream demand in the fourth quarter is still strong, in the superposition of factors such as maintenance, polysilicon prices remain high due to polysilicon plant expansion cycle longer, previously announced expansion Of GCL, Tongwei's new capacity is expected to be released in the third quarter of 2018, stable production may be to the fourth quarter.Therefore, the industry is expected on the basis of strong demand, the first three quarters of next year, polysilicon prices are expected to remain at 120 yuan / kg Above. "The experts said.
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In this regard, Shi Tuzhi said: "The second half of this year, polysilicon prices rise mainly due to market supply and demand, including China's high-quality photovoltaic raw materials demand rose rapidly, and some suppliers to increase maintenance or improve product quality. Resulting in reduced supplies and higher prices. "
In his view, despite advances in technology such as diamond wire make solar energy per watt of polysilicon materials used in the short term may affect the polysilicon demand growth, but the cost of photovoltaic power generation in sync, the future demand for polysilicon will inevitably rise. In the long term, polysilicon prices are more likely to go up rather than down.
January 20, 2014, the Ministry of Commerce announced on the origin of the United States and South Korea imported solar grade polysilicon anti-dumping duties. On November 22, 2016, the Ministry of Commerce decided to conduct a mid-term review of the anti-dumping measures applied to imported solar grade polysilicon originating in Korea.