China may soon announce penalty tariff on polysilicon imports

21 May 2013 10:26  [Source: ICIS news]

SINGAPORE (ICIS)--China may soon announce its long-awaited decision on levying a penalty tariff on polysilicon imports from the US, the EU and South Korea, industry sources said on Tuesday.

The potential antidumping duties (ADDs) on imported polysilicon may be around 50% for the US, 40% for the EU and less than 10% for South Korea, they added.

“The decision will be made sometime in June,” said one source.

Meanwhile, the possibility of ADDs being slapped on China’s polysilicon imports have led to slightly higher offers in the week, which rose to yuan (CNY) 125,000-130,000/tonne ($20,358-21,173/tonne) DEL (delivered) China from around CNY125,000/tonne DEL China in the previous week, market players said.

ADDs imposed on polysilicon imports would translate to higher costs of imports and thus boost demand for locally-produced polysilicon in China, they added.

($1 = CNY6.14)

By: Felicia Loo

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