19 July 2012 09:07 [Source: ICIS news]
By Samuel Wong
Spot prices of polysilicon were assessed at $19-22/kg (€16-18/tonne) FOB (Free on board) NE (northeast)
The market environment continues to remain challenging, while market sentiment was further dampened on the looming implementation of anti-dumping duties (ADD) by
“The excess supply of polysilicon in the global markets is already a major worry,” a producer said.
With the addition of the investigation by the Chinese government, it is going to create more market uncertainty and buyers are going to expect further decline in prices, he added.
On 16 July
The ministry will be examining how polysilicon products from
Several South Korea-based producers have sought aid from their government, and are currently in discussion to tackle the impending problem, a producer in
“We are preparing a response [to the matter], and are also pushing for support from our government,” another South Korean producer said.
If the ADD on imports of polysilicon products into
In a preliminary ruling in March this year, the US Department of Commerce imposed ADD ranging from 31.14-249.96% on imported solar panels from
The department is scheduled to make a final ruling on its investigation into Chinese solar products in early October, and the US International Trade Commission is expected to make a final decision on the case in late November.
“Demand for domestic produced cargoes is still very weak, as imported products are cheaper,” he added.
In China, polysilicon prices on a delivered (DEL) basis declined by 60% from June last year to yuan (CNY) 140,000-160,000/tonne ($21,978-25,118/tonne) in the week ended 18 July this year, ICIS data showed.
Several market participants said they were disappointed that an expected increase in solar cell demand after
The FIT system was supposed to boost demand for solar panels, and leading to cities installing more solar panels, in lieu of development for better energy management system. As a result, the increase in demand would prevent further decline in polysilicon prices, with some producers hopeful that prices will rebound.
“It has been almost 3 weeks since the FIT came into effect, but it is not having that much of an impact on the markets as we thought it should have,” a trader said.
The polysilicon market outlook does not look very bright right now, with little hope of a rebound in the near-term, market participants said.
($1 = €0.81 / $1 = CNY6.37)
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