MOSES LAKE - Sunday’s announcement by China’s Ministry of Commerce (MOFCOM) might tame some of the optimism tied to the new China-US trade deal that was signed last week.
MOFCOM announced that it would extend tariffs on imports of solar-grade polysilicon from the US and South Korea for another five years, effective January 20, 2020.
The announcement was anticipated by the US. The anti-dumping duty is set at 57% for REC Silicon. However, REC officials don’t expect the announcement to affect or change China’s commitment to purchase solar-grade polysilicon from the US under the terms of the Phase 1 Trade Agreement.
On Monday, REC Silicon emphasized that there’s no decision about a re-start of the Moses Lake facility at this time.
REC officials say they’ll need to assess the market for solar grade polysilicon.