Boomtime ahead for solar power firms
Updated: 2014-08-16 10:02
By LYU CHANG(China Daily)
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Curbs on polysilicon imports
China, the world's biggest consumer of solar-grade polysilicon, will tighten up on imports of the material after solar manufacturers took advantage of a rule that allowed them to avoid duties.
From September, it will suspend applications from solar companies to import polysilicon under the so-called "processing trade" rules, whereby material used in domestic manufacturing is exempt from import duties if the finished product-in this case solar cells used in panels-is then exported.
Polysilicon imports under processing trade rules surged after China imposed duties on purchases from the United States, South Korea and Europe, the Ministry of Commerce said in a statement on its website on Thursday.
The suspension is "mainly aimed at US polysilicon," said Wang Xiaoting, a Hong Kong-based analyst at Bloomberg New Energy Finance, given the high tariffs imposed on imports from that country.
China in January listed anti-dumping charges of as much as 57 percent for imports from US polysilicon makers including Hemlock Semiconductor Corp, REC Silicon ASA and SunEdison Inc.
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