New Chinese review of duties on polysilicon from USA and Korea
The Chinese Ministry of Commerce (Mofcom) has announced that anti-dumping and countervailing duties will continue to be imposed on imports of solar-grade polysilicon from the USA and South Korea while it will conduct a final review running through January 18, 2020. The announcement came one day before the expiry of the existing duties on January 19, 2019.
According to Mofcom, six Chinese polysilicon manufacturers, led by GCL-Poly’s subsidiary Jiangsu Zhongneng, applied on behalf of the Chinese polysilicon industry for the review on November 16, 2018. They argue that dumping of imported polysilicon from the U.S. and South Korea may continue or reoccur if the duties are terminated.
The move was to be expected in view of the massive capacity expansion of Chinese polysilicon manufacturers, who are aiming at substituting polysilicon imports.
Tariffs on polysilicon imports from South Korea range from 4.4% to 9.5% while those on imports from the U.S. are prohibitively high with rates between 55.4% and 59.1%.
An English translation of Mofcom’s two announcements is available in our collection of PDF Articles.
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