12 December 2012 08:52 [Source: ICIS news]
SINGAPORE (ICIS)--Chinese exports of photovoltaic (PV) products this year are expected to be at yuan (CNY) 13bn ($2bn), a 40% year-on-year decline because of anti-dumping duties and over supply, a senior industry executive said late on Tuesday.
China’s PV products exports to US slumped by almost 80% since US started anti-dumping and countervailing investigation on imports of PV products in late 2011, Wang Bohua, secretary general of China Photovoltaic Industry Alliance (CPIA), said during the Intersolar China Conference 2012.
China’s exports of PV products to US dropped sharply to $85m in August from $387m in January, Wang added.
US’s Department of Commerce, on 10 October this year, finalised anti-dumping duties (ADDs) on imports of Chinese solar cell products ranging from 18.32-249.96%.
The US also set final countervailing duties (CVDs) at a range of 14.78-15.97% for Chinese producers and exporters of the products.
EU has started antidumping and countervailing probe on PV products originating from China as well this year, which impacted negatively and significantly on development of the whole domestic PV industry, Wang said.
Until now, more than half small-to-middle scale PV cells and modules producers have halted operating their units, according to Wang.
Only 10%-20% of them slightly reduced rates, but they have started laying off employees, added Wang.
China PV capacity expanded too fast, which resulted in an imbalanced situation.
Countries across the world need to solve the surplus problems together as PV oversupply is a global issue, said Li Junfeng, chairman of Chinese Renewable Energy Industry Association (CREIA).
The Intersolar China Conference is being held in Beijing from 11-13 December.
($1 = €0.77)
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