European and American polysilicon intensifies dumping in China

European and American polysilicon intensifies dumping in China Since the last year, China's photovoltaic products have been waving since the last year. The share of European and American markets has rapidly declined in Europe and the United States. However, as a countermeasure against China, the "double reverse" investigation of polysilicon in Europe, the United States and South Korea has produced diametrically opposite results.

According to the latest report of China Non-Ferrous Metals Industry Association’s Silicon Industry Branch, many overseas polysilicon manufacturers have made assorted surprises to China’s exports, and they have constantly appeared “innovation” to circumvent the “double counter” measures. The price of imported polysilicon in China experienced a short-term rise in March. In April, the price of polysilicon reverted to the trend of “decrease by volume”. Imported polysilicon still has an absolute advantage in compressing the market share of domestic manufacturers. This situation highlights the fact that I still have a lack of strong measures for polysilicon's "double anti-survey" investigation.

The EU’s “double opposition” approach to China’s PV industry is approaching. Under this background, industry insiders are generally calling for a “serious response” between polysilicon and “multi-reactions” in Europe and the United States. A series of overweight measures have been adopted to eliminate foreign companies’ loopholes, and then in this In the game, the counter effect against Europe and the United States is effectively formed.

Volume increase or decrease

According to the latest customs statistics, in April 2013, China’s polysilicon imports amounted to 7,265 tons, an increase of 12.93% compared with the previous period and a year-on-year increase of 17.46%. As for the unit price of imports, the average import price of polysilicon went through a sharp rise in March. In April, the average price of polysilicon fell to US$18.01 per kg, which was a decrease of 7.12% from the previous quarter and a decrease of 34.5% from the same period of last year. It was 29% lower than the 2012 average price.

Silicon Industry Association sources pointed out that in April domestic polysilicon imports have regained the trend of volume increase and decrease, to change this status quo, China's three countries in Europe, the United States and South Korea launched polysilicon "double reverse" survey related measures must be overweight.

On November 1, last year, the Chinese Ministry of Commerce issued an announcement deciding that it would immediately initiate anti-dumping and anti-subsidy investigations on solar-grade polycrystalline silicon originating in the European Union. On the 26th of this month, the Ministry of Commerce announced on its website that it would investigate anti-dumping duties on imports of solar-grade polysilicon originating in the United States, South Korea, and the European Union, as well as retroactively levying countervailing duties on such polysilicon.

Although the preliminary results originally scheduled for February this year were postponed one after another, the industry generally believes that this move can save the domestic polysilicon industry from drowning, and at the same time form a counter-productive effect on the "double-reaction" of Europe, the United States and China.

However, in fact, since the launch of the “double reverse” investigation on polycrystalline silicon, the import volume of polysilicon in China has increased rather than decreased, and the price has been continuously declining. Many foreign manufacturers have used the preliminary clearance results to launch an assault on China before the gap period, resulting in me Imported polysilicon increased in volume, price, and price.

Data show that in February this year, China's imports of polysilicon was 7991 tons, an increase of 17.7%, an increase of 4.9%; import prices fell sharply to 17.7 US dollars / kg, a decrease of 4.17%, a decrease of 37.1%. In March, due to the demand from the downstream market, imported polysilicon prices once rose slightly, but in April it resumed the “price increase and price decline” market.

According to industry insiders, the current unit price for imports of US$18/kg is far lower than the cost price of domestic polysilicon manufacturers. Foreign manufacturers continue to surprise China’s exports to China, further threatening the survival space of the already difficult domestic polysilicon manufacturers. According to statistics of the Silicon Industry Association, domestic polysilicon production is expected to be less than 10,000 tons in the first quarter of this year, which is more than 50% lower than the same period of last year.

Foreign businessmen drilled "empty"

Since polysilicon dual anti-"flag" has been erected, why is the trend of imported polysilicon dumping intensified? According to the Silicon Industry Branch’s briefing, this is mainly due to the fact that there are many tactics to circumvent the double-counter investigations during the foreign trade’s sudden assault on China’s exports. The most typical of these is the use of processing trade to export polysilicon to avoid taxation, which has severely weakened the Polysilicon "double reverse" effect.

According to reports, the processing trade is the import of raw materials, materials, or parts from the A-country company to the B-country company, using the production capacity and technology of the A country, and processing the finished product and then exporting it to the B country's trade form. Common processing trade is divided into feed processing, incoming processing, assembly operations and collaborative production in four ways. The use of processing methods, that is, the A country's enterprises use all or part of the raw materials provided by companies in State B to process the processed products into finished products and then hand them over to State B companies and earn their own processing fees. This method is in accordance with China's existing processing trade policies. No value-added tax is levied on imports of raw materials and exports of finished products. Based on this, after the "double reverse" ruling of polysilicon was imposed, the processing trade mode was quickly used by foreign companies as the biggest way to avoid "double reverse" taxation.

According to the statistics of the Silicon Industry Branch, according to the trade pattern, in April, China's general trade mode imported 2,685 tons of polysilicon, accounting for only 37%, while the processing trade and other methods imported 4,580 tons, accounting for as high as 63%. "It can be seen that the current processing trade mode has accounted for more than half of all the methods, which will seriously weaken the effective influence of China's polysilicon "double reverse" ruling in the future." The Silicon Industry Branch said.

Lian Jinbiao, deputy general manager of Poly Energy's subsidiary Zhongneng Silicon, also told the China Securities Journal that currently the most serious dumping in the domestic polysilicon market comes from German and US companies, which can avoid “double counter” investigations. There are some loopholes in China's bonded customs policy, and these loopholes are largely due to domestic discriminatory tax policies that have been implemented for a long time in the polysilicon industry. “The fiscal and taxation policies of the polysilicon industry are currently adopting a one-size-fits-all model. Advantage companies that cannot enjoy normal policies will be able to maintain their advantages in international competition and will allow some foreign companies to “empty” them,” he said.

Measures must be coded

At present, Europe and the United States will soon face heavy opposition to China's photovoltaic "double reverse" sticks. The industry should do its worst and plan to counteract the negative effects of "double opposition" to a minimum extent. . Among them, polysilicon "double reverse" for the United States, Europe and South Korea is considered to be one of the important chips.

Lu Jinbiao appealed that at present, the policy level should speed up and improve China's "double reverse" investigation of polysilicon in the United States, Europe and South Korea, and eliminate the "double reverse" loopholes one by one, and strictly supervise domestic polysilicon import agency companies. , to resolutely crack down on non-standard import behavior.

“We have already responded to the Ministry of Commerce with the Silicon Division’s current situation of malicious dumping by foreign investors. The Ministry of Commerce has also stated that it will coordinate with multi-sectors such as the Customs and the Ministry of Finance to cope with this situation.” He said that the most critical measures are currently in place. As soon as possible, polysilicon imports are included in the annual list of processing trade prohibitions, returning to the general trade regulatory attributes of polysilicon, which can block foreign investors from evading anti-dumping duties.

In addition, raising the tax rate on imported polysilicon anti-dumping duties is also considered to be a "shrinking punch" in the "double reverse" overweight measures. Lu Jinbiao believes that the comprehensive comparison with the United States on China's photovoltaic battery manufacturers levied up to 249.96% of the punitive tariffs, and the EU may be proposed anti-dumping tariff rate of 47%, China's reasonable range of anti-dumping tariffs on imported polysilicon should be set at 40% - 50%, specific conditions can also be treated differently depending on the level of malicious dumping.

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