Abstract China's processing trade imported polysilicon "explosion table" from January to May, the United States fled anti-dumping tax of 570 million yuan. In May, China's polysilicon imported through processing trade reached an unprecedented 5,868 tons, accounting for 84.4% of the total imports. ...
China's processing trade imports polysilicon "explosion table" January to May US anti-dumping tax of 570 million yuan. In May, China's polysilicon imported through processing trade reached an unprecedented 5,868 tons, accounting for 84.4% of the total imports. The industry has called for the inclusion of polysilicon imports in the prohibition of processing trade is imminent.
Exporting solar-grade polysilicon to China in the form of processing trade and entrepot trade, the situation of “reasonable†evasion of tariffs and anti-dumping duties is growing, even without fear.
According to the latest import and export statistics released by the customs, China imported a total of 6,949 tons of polysilicon in May 2014, and the polysilicon imported through processing trade reached an unprecedented 5,868 tons, accounting for 84.4% of the total imports!
In addition to creating a new high-level import of polysilicon processing trade, the overseas polysilicon that was re-exported from Taiwan through China through processing trade in May also reached 885 tons, accounting for 12.7% of the total import volume, also hitting a record high!
"At present, the Ministry of Commerce of China decided at the beginning of the year that the trade remedy for the 53.3%-57% anti-dumping duty on US imports of polysilicon and 2.3%-48.7% anti-dumping duty on South Korea's imports of polysilicon has almost lost its effectiveness." . Liu Jing, a silicon industry analyst at the China Nonferrous Metals Industry Association, told the Securities Daily reporter.
Not only that, but it also corresponds to the tax evasion of imported polysilicon, and since June, US Customs has begun to impose a margin equal to the preliminary ruling rate on Polycrystalline Silicon photovoltaic cells and components from China. “Whether these products use any materials such as batteries, silicon wafers, inverters, backplanes, aluminum frames, etc. produced in China or other third countries, as long as they are produced in China and exported to the United States, they must pay 18.56% to 35.21% margin.†A domestic Pv Module business person confirmed to the “Securities Daily†reporter.
Little anti-dumping effect on US and South Korea polysilicon
Not long ago, on June 3, the US Department of Commerce announced that it had initially ruled that China's Crystalline Silicon photovoltaic products exported to the United States received excessive government subsidies, ranging from 18.56% to 35.21%.
After launching the first "double-reverse" against China's PV three years ago, the United States wants to completely block China's PV "by Taiwan's Taiwan's exports" or "purchase China's Taiwanese batteries, and then reproduce it into component exports." "The winding path."
According to the process, on July 28, the US Department of Commerce will also announce the preliminary results of the anti-dumping investigation against China's PV, and announce the final results of anti-dumping and countervailing on December 11.
And although the final ruling and the final review by the US International Trade Commission (January 26, 2015) are still some days, in fact, from June 3, 2014, all Chinese crystalline silicon photovoltaic products exported to the United States must be The US Department of Commerce initially determined the amount of subsidies and paid 18.56% to 35.21% of the deposit. And it is foreseeable that the deposit will be accompanied by the announcement of the anti-dumping margin, and further improve...
Based on the dilemma, voice and real industry status of polysilicon and photovoltaic enterprises, it is also a kind of "counter-reaction" against trade barriers in the United States and other countries. On January 20 this year, China's Ministry of Commerce officially released solar energy imports to the United States and South Korea. The final result of the polysilicon "anti-dumping" investigation: 53.5%-57% anti-dumping duties and 2.4%-48.7% anti-dumping duties on imported solar grade polysilicon originating in the United States and South Korea.
However, this trade relief measure, which is expected to save the domestic polysilicon industry, has little effect by stopping the dumping of overseas polysilicon to China.
According to a report released by the China Nonferrous Metals Association Silicon Branch, in the first quarter of 2014 after China’s import of solar-grade polysilicon from the United States and South Korea, the survival of domestic polysilicon enterprises was still difficult, except for Jiangsu Zhongneng and other three costs. The profits of first-tier companies in the world have turned positive, and the average operating rate of more than a dozen second-tier enterprises with competitiveness is only 54%, while most third-tier enterprises are still in a state of suspension. In other words, China's polysilicon industry has not gained a breathing space from China's dumping sanctions against overseas polysilicon companies.
List polysilicon in the prohibition of processing trade
As mentioned above, on the basis of China's anti-dumping on China's polysilicon, such as the United States, South Korea and other major polysilicon producers, China's polysilicon imports have not decreased and increased: in January-May 2014, China's cumulative imports of polysilicon 36,366 tons, It increased by 5.9% from January to May 2013.
The main reason for the failure of China's trade remedy measures is the special trade mode adopted by China in the early stage of reform and opening up to promote the development of export-oriented economy and promote the export of cheap labor in China. In this way, punitive tariffs can be “reasonably†avoided because no tariffs are imposed on such imports.
From January to May 2014, China imported 26,405 tons of polysilicon through processing trade, accounting for 72.6% of the total import volume. It also imported 4030 tons of Taiwan's entrepot trade through processing trade, accounting for 11.1% of the total imports. Since July 2013, since China’s anti-dumping preliminary ruling on US polysilicon, the United States has accounted for more than 90% of its processing trade to China.
A polysilicon trader told the "Securities Daily" reporter that "in addition to the dumping of silicon materials to China by means of processing trade, they can also take the initiative to import silicon materials for semiconductor device production, bypass Taiwan and then process trade. Enter China and other 'tricks' to avoid punitive tariffs."
Based on the rough price of polysilicon in May 2014 (160,000 yuan/ton), from January to May, the United States exported 6,650 tons of polysilicon to the processing trade, which should have paid anti-dumping duties of more than 567 million yuan (6,650 tons of polysilicon price of about 10.64). 100 million yuan, paying customs duties at the minimum anti-dumping rate of 53.3%). In other words, from January to May this year, only the US lost polysilicon to China will evade 570 million yuan.
Therefore, it is extremely urgent to block the tax evasion channel and include the import of polysilicon into the prohibition of processing trade. In the view of Lin Ruhai, vice president of the China Nonferrous Metals Association Silicon Branch, if the anti-dumping trade remedy measures implemented by China's US and South Korea polysilicon are re-applied Effectively, it can save tens of billions of dollars in investment in the domestic polysilicon industry. It should be noted that the scale of domestic single polysilicon projects is more than 1 billion yuan. "Adjusting the import policy and inciting domestic demand for polysilicon of about 20,000 tons per year can almost help at least 6-10 polysilicon enterprises in the first line to achieve healthy operations. Lin Ruhai added to the "Securities Daily" reporter.
On the whole, the inclusion of polysilicon imports in the prohibition list of processing trade has little effect on the export of polysilicon to Germany and South Korea to China (the implementation of price commitments on German polysilicon, only 2.4% anti-dumping duty on Korean polysilicon), but it is completely blocked. The dumping of US polysilicon to China.
“Although the import of polysilicon is included in the prohibition list of processing trade, it may affect one or two individual PV companies in China. For example, they have signed a long-term polysilicon with the US.†The polysilicon traders told reporters, “But according to customs data, Long-term singles account for a small proportion of total materials; on the other hand, the remaining execution time of these long-term orders is only one or two years. If the settlement of liquidated damages is paid, the purchase of domestic polysilicon will not cause too much burden."
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