10 January 2013 03:29 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Ministry of Commerce may impose a penalty tariff on polysilicon imports from the US and South Korea from February, according to China Silicon Industry Association.
The penalty tariff is expected to be from 30-50% or even higher, which will impact spot polysilicon prices in the market, it added.
Domestic polysilicon prices will be pushed higher in the future if a tariff is levied because more downstream producers will rely heavily on domestic polysilicon instead of imports with high tariffs, said an industry source.
The Ministry of Commerce has not confirmed the possible imposition of tariff on polysilicon imports.
Polysilicon is a key component of solar panels.
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