China to delay penalty tariff on polysilicon imports to mid-March

27 February 2013 07:52  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Ministry of Commerce is likely to postpone its decision to impose a penalty tariff on polysilicon imports from the US and South Korea to sometime between the middle of March and early April, market participants said on Wednesday.

The market widely expected the levy to start from 20 February, they added.

In response to the impending decision, buying interest has been brisk in China and that pushed up offers to yuan (CNY) 150,000/tonne ($24,077/tonne) DEL (delivered) China from CNY140,000/tonne DEL China previously, market participants said.

The penalty tariff is expected to be from 30-50% or even higher, which will impact spot polysilicon prices in the market.

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.

Polysilicon is the raw material used to make an array of solar products from wafers, cells and modules.

($1 = CNY6.23)

By: Felicia Loo

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index