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)
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