China’s Commerce Ministry strongly criticized the US’ decision to impose broader antidumping and antisubsidy tariffs on solar panels from China, but stopped short of threatening specific retaliation.
Solar panel manufacturing “is a strategic emerging industry related to global sustainable development,” the ministry said in a news release, adding that, “China urges the US to solemnly consider the serious consequences caused by the U.S. ruling, to strictly comply with international rules and regulations, and to adopt a responsible attitude and behavior to appropriately manage trade frictions.”
The new tariffs, announced last week by the Department of Commerce, include antidumping duties on imports of most solar panels made in China and on imports of solar cells, a key component, that are made in Taiwan. In addition, the department announced antisubsidy duties of 27.64% to 49.79% for Chinese modules.
The week’s biggest mover on the weekly Renewables MMI® was the price of Chinese steel plate, which saw a 1.2% decline to CNY 3,170 ($509.41) per metric ton. This comes on the heels of a 1.6% increase the week before. Following a steady week, prices for Chinese cobalt cathodes closed flat at CNY 220,000 ($35,353) per metric ton. At CNY 15,000 ($2,410) per metric ton, the week finished with no movement for silicon. Neodymium prices held steady from the previous week at CNY 346,000 ($55,601) per metric ton.
Closing at JPY 80,000 ($665.76) per metric ton, Japanese steel plate remained unchanged for the week. Korean steel plate traded sideways last week, hovering around KRW 900,000 ($818.60) per metric ton. The price of Chinese steel plate fell 1.2% to CNY 3,170 ($509.41) per metric ton after rising 1.6% the week before. At $808.00 per short ton, the price of US steel plate did not change since the previous week.
US grain-oriented electrical steel (GOES) held steady 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.