Dumping of silicon photovoltaic products by China, Taiwan, Malyasia and the US is causing losses to the tune of to India and its domestic solar industry, according to the Indian Solar Manufacturers Association (ISMA) which wants a 30 percent anti-dumping duty to be imposed.
“Thin-film, and silicon PV cells and modules imported into India from USA and other Asian countries are being sold at ridiculously low prices bleeding the local industry and violating international fair trade regulations,” H R Gupta told the Economic Times of India. Gupta is a member of the ISMA and managing director of Indosolar Limited.
Gupta said the Indian Ministry of Commerce started investigating anti-dumping cases centered on PV cells from China, Taiwan, Malaysia and the US in January. The European Union has already imposed an anti-dumping duty of around 48 percent on Chinese solar imports whereas the US too has imposed a similar duty ranging from 29.18 per cent to 254 percent on solar energy cells imported from China.
Following a 0.5 percent decline to CNY 3,860 ($617.30) per metric ton, Chinese steel plate finished as the week’s biggest mover on the weekly Renewables MMI®. Chinese cobalt cathodes traded sideways last week, hovering around CNY 204,000 ($32,624) per metric ton. At CNY 14,250 ($2,279) per metric ton, the price of silicon did not change since the previous week. Closing at CNY 415,000 ($66,368) per metric ton, neodymium remained unchanged for the week.
Japanese steel plate prices held steady from the previous week at JPY 76,000 ($741.28) per metric ton. At KRW 900,000 ($870.66) per metric ton, the week finished with no movement for Korean steel plate. After a 0.5 percent decline, Chinese steel plate closed out the week at CNY 3,860 ($617.30) per metric ton. Closing at $821.00 per short ton, US steel plate remained unchanged for the week.
US grain-oriented electrical steel (GOES) saw essentially no change for the fifth day in a row, remaining around $2,964 per short ton.
The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.