China raises duties on polysilicon imports from South Korea
On November 21, the Chinese Ministry of Commerce (Mofcom) announced new duty rates for polysilicon imports from South Korea into China, following a mid-term review that took one year.
An English machine translation of Mofcom’s announcement is available in our collection of PDF Articles.
As rumored, the new tariffs are below 5% for OCI Company (4.4%) and below 10% for Hankook Silicon (9.5%) and Hanwha Chemical (8.9%). The other rates are irrelevant as the respective companies are not active anymore.
Compared to the original duty rates introduced on January 20, 2014, the strongest hike hit Hankook Silicon (up from 2.8% to 9.5%).
OCI, the largest Korean polysilicon producer, can live with a slight increase from 2.4% to 4.4%; OCI’s main customers are Chinese makers of monocrystalline wafers.
If the new duty rates have any impact on the polysilicon spot price, it will be negligible.
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