The Dept. of Commerce determined that imports of crystalline silicon photovoltaic products from China and Taiwan have been sold in the US at dumping margins ranging from 26.71% to 165.04% and 11.45% to 27.55%, respectively. PVs are used mostly in building-mounted solar panels. Commerce also determined that imports of PV products from China have received countervailable subsidies ranging from 27.64% to 49.79%.
The Portland, Ore., subsidiary of German panel manufacturer SolarWorld, Inc., was listed as the petitioner. The ongoing proxy trade war between China and Germany over the panels is nothing new to our regular readers, and the confirmation of these tariffs was expected.
Come back tomorrow for an in-depth analysis of what the tariffs mean for the silicon markets.
A 1.6% improvement on the weekly Renewables MMI® made Chinese steel plate the week’s biggest mover, closing at CNY 3,210 ($518.55) per metric ton. Closing at CNY 220,000 ($35,539) per metric ton, Chinese cobalt cathodes remained unchanged for the week. At CNY 15,000 ($2,423) per metric ton, the price of silicon did not change since the previous week. Prices for neodymium remained constant, closing the week at CNY 346,000 ($55,893) per metric ton.
Japanese steel plate remained essentially flat from the previous week at JPY 80,000 ($679.39) per metric ton. Korean steel plate traded sideways last week, hovering around KRW 900,000 ($817.13) per metric ton. Following a 1.6% increase, Chinese steel plate finished the week at CNY 3,210 ($518.55) per metric ton. The price of US steel plate declined 1.0% over the past week, settling at $808.00 per short ton.
US grain-oriented electrical steel (GOES) remained essentially flat at $2,688 per metric 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.