【行业动态】最高113.8%，中国对美韩多晶硅反倾销税再延五年

Core Viewpoint - The Chinese Ministry of Commerce announced the extension of anti-dumping duties on imported solar-grade polysilicon from the US and South Korea, effective from January 14, 2026, for a period of five years, to protect the domestic polysilicon industry [2][3]. Group 1: Anti-Dumping Measures - The anti-dumping duties will range from 0% to 2.1% for related products from the US, with specific rates for different companies: Hemlock Semiconductor Corporation at 53.3%, and others at 57% [2]. - South Korean companies will face varied rates, with OCI Corporation at 4.4%, Hanwha Solutions at 8.9%, and others up to 113.8% due to severe dumping circumstances [3]. Group 2: Historical Context - The current measures are a continuation of trade relief actions initiated in 2014, when it was found that US and South Korean companies were exporting polysilicon at prices below normal value, harming domestic producers [3][4]. - The initial duties were set for five years, with adjustments made in 2017 and a review in 2020 leading to the extension of these measures [3]. Group 3: Industry Impact - The policy aims to enhance the cost threshold for US and South Korean imports, thereby stabilizing market shares for domestic leaders like Tongwei and GCL, while also facilitating investment recovery and technological development [4]. - The short-term effect may pressure component manufacturers due to rising raw material costs, but long-term benefits include reduced dependency on foreign supply chains and enhanced competitiveness in the global market [4][5]. Group 4: Global Trade Dynamics - The policy is expected to shift the global polysilicon trade flow, as US and South Korean companies may redirect exports to regions like Southeast Asia, India, and Europe, where no anti-dumping measures are in place [5]. - This move is seen as a countermeasure to previous US tariffs on Chinese solar products, preserving negotiation leverage for China in international trade discussions [5]. Group 5: Strategic Importance - The extension of these duties is crucial for China's energy transition goals, as polysilicon is a key material in the photovoltaic industry, directly impacting the stability of the entire supply chain [5]. - The five-year policy period provides a valuable window for technological upgrades in the domestic polysilicon industry, promoting advancements in high-end materials like N-type and electronic-grade silicon [5].