After the Ministry of Commerce formally launched the “double counter†investigation on US and South Korean polysilicon on July 20th, four companies that accounted for 80% of the domestic polysilicon industry, Jiangsu Zhongneng, Jiangxi Saiwei, Luoyang Zhongsi, and Big Brand New Energy, once again joined hands in business. The Ministry submitted a complaint requesting anti-subsidy and anti-dumping investigations on polysilicon produced by the European Union.
At the same time, the petition filed a retrospective tax on polysilicon products imported from the United States and South Korea after the filing of the case, and took effective measures to prevent imported polysilicon from evading the "double countermeasures" in the form of processing trade.
The United States and the United States opposed the 80% of companies to stop production. According to some companies, the US and South Korea's imports of polysilicon dumping are serious. The U.S. government has provided a large amount of subsidies to its polysilicon companies. Under this circumstance, the domestic photovoltaic industry has faced serious crisis of survival, 80%. The company was forced to stop production.
According to a data provided by GCL-Poly, in the first half of this year, EU imports of polysilicon increased by 30.8% year-on-year, and the average price dropped by 47.46% year-on-year, of which Germany imported polysilicon accounted for nearly 98% of the total EU imports.
A domestic polysilicon industry insider said that "the abnormal means of dumping polysilicon abroad by China has obvious malicious tendencies. The purpose is to squeeze the living space of domestic companies and cause them to suffocate."
For the unfavorable competition from manufacturers such as the United States and South Korea, the above-mentioned sources clearly pointed out that the “double reverse†is the self-help behavior of the domestic photovoltaic industry and is to protect the domestic polysilicon industry from trade dumping damage.
The person said that the “double reverse†case was a means given by the WTO to remedy domestic industries and correct unfair trade, rather than a trade war. The WTO advocated the principle of free trade and non-discrimination, but at the same time it was also unfair to distortions. Trade behaviors are given to governments of all countries to carry out “double counter†investigations and to correct unfair competition.
China Nonferrous Metals Association Silicon Branch data shows that of the 43 domestic polysilicon manufacturers, only 8 currently are barely starting construction.
Among them, Leshan Power announced that its revenue for the first half of the year decreased by 40% year-on-year. Analysts said that due to price slumps in polysilicon business, production line cutbacks were a major factor in the company’s revenue decline; CSG A’s net profit in the first half of the year was 246 million, down 70.6% year-on-year. Glass and solar energy business have become the main reasons for the decline in earnings, of which Thai Energy's gross profit fell by 98.2%.
According to Wang Xuehua, an attorney of the Appeals Firm, “The relevant evidence shows that the United States and South Korea have dumped a large amount of goods to China. Among them, the United States has dumped polysilicon in China by as much as 55% and South Korea as high as 49%. Overseas manufacturers have increased their dumping in China. Losing money to seize the market has caused the price of polysilicon to plummet, creating a strong contrast with the increase in production capacity."
A related person in charge of a polysilicon production company in China stated that it is necessary to increase the retroactive taxation of imports of polysilicon products from the United States and South Korea.
"The reason is very simple. Since the announcement was made last month, there has been a surprise attack on imported polysilicon. According to the 'Double-reverse' investigation procedure, it takes 3-4 months for the preliminary decision to be filed, in order to effectively fight against dumping and reduce domestic industrial damage. The Ministry of Commerce agreed to import imported polysilicon from the United States and South Korea, starting from the preliminary ruling, and returning it for 90 days. In addition, since many exporters colluded with domestic importers, they evaded the double countermeasures by processing materials. 'Measures, such actions should be equally focused on combating.'
The special person who can impose special tariffs to eliminate damage said that when a country’s industry has caused serious damages due to subsidies and dumped imports, it can apply for investigations to its own government in accordance with the rules. After the application meets the basic requirements, the government initiates an investigation and verifies that there are dumping, subsidies, and damages through investigation. If it exists, such damage can be eliminated through the collection of special tariffs.
Market watchers said that domestic polysilicon companies have the ability to maintain domestic polysilicon supply and prices stable after the “double reactionâ€, and the stable price is not based on the current “dumpling prices†formed by dumping, but rather returning to the world’s leading polysilicon companies. Profit, thereby entering a healthy market for self-development.
The most important issue facing many domestic polysilicon manufacturers is to maintain a fair environment. Another important topic has already surfaced - how to accelerate technological and cost advantages will be the key to future market success.
According to industry sources, trade remedy is only an emergency and cannot save the long-term fate of low-end polysilicon. Chinese polysilicon companies must rely on technological innovation, scale management, and management development strategies. This is the only way to maintain the initiative in the international market competition. Core competitiveness, leading companies have the responsibility to take the lead.
The profit warning analysis material recently released by GCL-Poly indicates that the polysilicon production cost is currently about US$18/kg, and its breakthrough in wafer production technology has also been formally announced. The production cost of polysilicon will be significantly reduced over the next year. At the same time, the conversion efficiency and yield of silicon wafers will be further improved.
According to the above sources, the government should continue to increase support for clean energy materials such as polysilicon, and implement low-pressure development of clean energy companies through measures such as taxation and benefits, which is more conducive to the promotion of clean energy applications and social value. .
At the same time, the petition filed a retrospective tax on polysilicon products imported from the United States and South Korea after the filing of the case, and took effective measures to prevent imported polysilicon from evading the "double countermeasures" in the form of processing trade.
The United States and the United States opposed the 80% of companies to stop production. According to some companies, the US and South Korea's imports of polysilicon dumping are serious. The U.S. government has provided a large amount of subsidies to its polysilicon companies. Under this circumstance, the domestic photovoltaic industry has faced serious crisis of survival, 80%. The company was forced to stop production.
According to a data provided by GCL-Poly, in the first half of this year, EU imports of polysilicon increased by 30.8% year-on-year, and the average price dropped by 47.46% year-on-year, of which Germany imported polysilicon accounted for nearly 98% of the total EU imports.
A domestic polysilicon industry insider said that "the abnormal means of dumping polysilicon abroad by China has obvious malicious tendencies. The purpose is to squeeze the living space of domestic companies and cause them to suffocate."
For the unfavorable competition from manufacturers such as the United States and South Korea, the above-mentioned sources clearly pointed out that the “double reverse†is the self-help behavior of the domestic photovoltaic industry and is to protect the domestic polysilicon industry from trade dumping damage.
The person said that the “double reverse†case was a means given by the WTO to remedy domestic industries and correct unfair trade, rather than a trade war. The WTO advocated the principle of free trade and non-discrimination, but at the same time it was also unfair to distortions. Trade behaviors are given to governments of all countries to carry out “double counter†investigations and to correct unfair competition.
China Nonferrous Metals Association Silicon Branch data shows that of the 43 domestic polysilicon manufacturers, only 8 currently are barely starting construction.
Among them, Leshan Power announced that its revenue for the first half of the year decreased by 40% year-on-year. Analysts said that due to price slumps in polysilicon business, production line cutbacks were a major factor in the company’s revenue decline; CSG A’s net profit in the first half of the year was 246 million, down 70.6% year-on-year. Glass and solar energy business have become the main reasons for the decline in earnings, of which Thai Energy's gross profit fell by 98.2%.
According to Wang Xuehua, an attorney of the Appeals Firm, “The relevant evidence shows that the United States and South Korea have dumped a large amount of goods to China. Among them, the United States has dumped polysilicon in China by as much as 55% and South Korea as high as 49%. Overseas manufacturers have increased their dumping in China. Losing money to seize the market has caused the price of polysilicon to plummet, creating a strong contrast with the increase in production capacity."
A related person in charge of a polysilicon production company in China stated that it is necessary to increase the retroactive taxation of imports of polysilicon products from the United States and South Korea.
"The reason is very simple. Since the announcement was made last month, there has been a surprise attack on imported polysilicon. According to the 'Double-reverse' investigation procedure, it takes 3-4 months for the preliminary decision to be filed, in order to effectively fight against dumping and reduce domestic industrial damage. The Ministry of Commerce agreed to import imported polysilicon from the United States and South Korea, starting from the preliminary ruling, and returning it for 90 days. In addition, since many exporters colluded with domestic importers, they evaded the double countermeasures by processing materials. 'Measures, such actions should be equally focused on combating.'
The special person who can impose special tariffs to eliminate damage said that when a country’s industry has caused serious damages due to subsidies and dumped imports, it can apply for investigations to its own government in accordance with the rules. After the application meets the basic requirements, the government initiates an investigation and verifies that there are dumping, subsidies, and damages through investigation. If it exists, such damage can be eliminated through the collection of special tariffs.
Market watchers said that domestic polysilicon companies have the ability to maintain domestic polysilicon supply and prices stable after the “double reactionâ€, and the stable price is not based on the current “dumpling prices†formed by dumping, but rather returning to the world’s leading polysilicon companies. Profit, thereby entering a healthy market for self-development.
The most important issue facing many domestic polysilicon manufacturers is to maintain a fair environment. Another important topic has already surfaced - how to accelerate technological and cost advantages will be the key to future market success.
According to industry sources, trade remedy is only an emergency and cannot save the long-term fate of low-end polysilicon. Chinese polysilicon companies must rely on technological innovation, scale management, and management development strategies. This is the only way to maintain the initiative in the international market competition. Core competitiveness, leading companies have the responsibility to take the lead.
The profit warning analysis material recently released by GCL-Poly indicates that the polysilicon production cost is currently about US$18/kg, and its breakthrough in wafer production technology has also been formally announced. The production cost of polysilicon will be significantly reduced over the next year. At the same time, the conversion efficiency and yield of silicon wafers will be further improved.
According to the above sources, the government should continue to increase support for clean energy materials such as polysilicon, and implement low-pressure development of clean energy companies through measures such as taxation and benefits, which is more conducive to the promotion of clean energy applications and social value. .
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