20 August 2019

China settles EU polysilicon trade dispute, report says

Munich-based Wacker Chemie AG on March 14 submitted to China’s commerce ministry a letter of promise on the price of the firm’s polysilicon sold in China, Economic Information Daily reported Friday, citing information posted Thursday on the ministry’s website. The letter has been accepted by the ministry, which means that the anti-dumping and anti-subsidy case raised against such imports from the European Union has been basically settled, the report said. Although details have not been disclosed, the German firm is said to have promised a price of US$27 per kilogram, not posing a threat to the profitability of major Chinese solar battery makers, the report cited industry insiders as saying. Meanwhile, domestic polysilicon producers have asked the ministry to list the material as a banned item of processing trade, which has been used by foreign producers as a way to circumvent the government’s anti-dumping investigations, the report said.

– Contact HKEJ at [email protected]



EJI Weekly Newsletter

Please click here to unsubscribe