Curbs on polysilicon imports [China Daily: Hong Kong Edition]
(China Daily: Hong Kong Edition Via Acquire Media NewsEdge) 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.
(China Daily 08/16/2014 page7)
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