Abstract According to the General Administration of Customs, in February this year, China's polysilicon imports reached 7,991 tons, representing a 17.7% increase from the previous month and a 4.9% rise compared to the same period last year. The average import price for polysilicon dropped to $17.7 per kg, a significant 37.1% decline year-on-year, continuing a downward trend that saw the annual average price fall by 30.2% in 2012. This marks the lowest level ever recorded for imported polysilicon prices.
Most of the polysilicon imports came from South Korea, the United States, and Germany, which together accounted for 87.5% of total imports. These three countries have been key drivers behind the sharp price declines, according to an industry analyst.
In February, imports from Germany surged by 91.9% to 2,713 tons, although the unit price fell by 13.6% to $21.6/kg. Meanwhile, U.S. imports averaged $12.57/kg, nearly half the cost of the same period last year. South Korean imports, at 1,422 tons, had a unit price of just $19.87/kg.
Industry insiders noted that despite the Ministry of Commerce launching a “double anti-dumping†investigation on polysilicon imports from Europe, the U.S., and South Korea at the end of last year, domestic polysilicon producers continue to face intense pressure from low-cost dumping. This has led to a severe impact on the local industry, with many companies struggling to stay afloat.
Domestic polysilicon production has plummeted, with output in the first quarter of this year falling below 10,000 tons — a drop of over 50% compared to the same period last year. Most domestic manufacturers are currently operating at a loss, with only four companies maintaining production, accounting for less than 10% of the market. The actual operating rate of domestic polysilicon enterprises is below 25%.
A senior executive from a leading domestic polysilicon producer stated that the damage caused by foreign dumping is devastating. Many previously operational manufacturers have now been forced to halt production or are on the brink of bankruptcy. Over 50 billion yuan has been invested in the sector, but the situation remains dire.
He added that after the bankruptcies of Zhejiang Xiecheng Silicon and Ningxia Sunshine, more domestic polysilicon companies could face collapse if the unfair international competition persists.
“Double Anti-Dumping†Preliminary Ruling Still Uncertain
The upcoming “double anti-dumping†ruling on polysilicon imports from Europe, the U.S., and South Korea is seen as a critical turning point for the domestic industry.
Industry experts suggest that while foreign manufacturers may gain short-term advantages through low-price dumping, they risk creating a monopolistic market in the long run. Once domestic players are pushed out, foreign firms could dominate the market, affecting pricing and supply chains for downstream industries.
Analysts from Meixin Group, a U.S.-based investment firm, believe that China might not impose anti-dumping or countervailing duties on solar polysilicon imports, as it could negatively impact downstream sectors such as solar panel manufacturing.
However, another industry insider argues that Chinese polysilicon manufacturers have strong technical and industrial capabilities. If the “double anti-dumping†measures are implemented, China could become the main supplier, stabilizing prices and reducing costs without increasing the burden on downstream industries.
The timing of the preliminary ruling on the “double anti-dumping†investigation remains uncertain. Some sources suggest the Ministry of Commerce may announce the decision in June, possibly aligning it with the EU’s rulings on photovoltaic products.
Analysts emphasize that the “double anti-dumping†measures aim to protect the sustainable development of the basic materials industry, ensure stable supply and pricing, and maintain order in the domestic photovoltaic market. A timely preliminary ruling could significantly curb foreign dumping and provide much-needed support to domestic producers.
Most of the polysilicon imports came from South Korea, the United States, and Germany, which together accounted for 87.5% of total imports. These three countries have been key drivers behind the sharp price declines, according to an industry analyst.
In February, imports from Germany surged by 91.9% to 2,713 tons, although the unit price fell by 13.6% to $21.6/kg. Meanwhile, U.S. imports averaged $12.57/kg, nearly half the cost of the same period last year. South Korean imports, at 1,422 tons, had a unit price of just $19.87/kg.
Industry insiders noted that despite the Ministry of Commerce launching a “double anti-dumping†investigation on polysilicon imports from Europe, the U.S., and South Korea at the end of last year, domestic polysilicon producers continue to face intense pressure from low-cost dumping. This has led to a severe impact on the local industry, with many companies struggling to stay afloat.
Domestic polysilicon production has plummeted, with output in the first quarter of this year falling below 10,000 tons — a drop of over 50% compared to the same period last year. Most domestic manufacturers are currently operating at a loss, with only four companies maintaining production, accounting for less than 10% of the market. The actual operating rate of domestic polysilicon enterprises is below 25%.
A senior executive from a leading domestic polysilicon producer stated that the damage caused by foreign dumping is devastating. Many previously operational manufacturers have now been forced to halt production or are on the brink of bankruptcy. Over 50 billion yuan has been invested in the sector, but the situation remains dire.
He added that after the bankruptcies of Zhejiang Xiecheng Silicon and Ningxia Sunshine, more domestic polysilicon companies could face collapse if the unfair international competition persists.
“Double Anti-Dumping†Preliminary Ruling Still Uncertain
The upcoming “double anti-dumping†ruling on polysilicon imports from Europe, the U.S., and South Korea is seen as a critical turning point for the domestic industry.
Industry experts suggest that while foreign manufacturers may gain short-term advantages through low-price dumping, they risk creating a monopolistic market in the long run. Once domestic players are pushed out, foreign firms could dominate the market, affecting pricing and supply chains for downstream industries.
Analysts from Meixin Group, a U.S.-based investment firm, believe that China might not impose anti-dumping or countervailing duties on solar polysilicon imports, as it could negatively impact downstream sectors such as solar panel manufacturing.
However, another industry insider argues that Chinese polysilicon manufacturers have strong technical and industrial capabilities. If the “double anti-dumping†measures are implemented, China could become the main supplier, stabilizing prices and reducing costs without increasing the burden on downstream industries.
The timing of the preliminary ruling on the “double anti-dumping†investigation remains uncertain. Some sources suggest the Ministry of Commerce may announce the decision in June, possibly aligning it with the EU’s rulings on photovoltaic products.
Analysts emphasize that the “double anti-dumping†measures aim to protect the sustainable development of the basic materials industry, ensure stable supply and pricing, and maintain order in the domestic photovoltaic market. A timely preliminary ruling could significantly curb foreign dumping and provide much-needed support to domestic producers.
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