Monday, 05 January 2015 00:00

DOC Preliminary Review Lowers Tariffs on Chinese Solar Cells

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DOC Preliminary Review Lowers Tariffs on Chinese Solar Cells

New rates are set at 17.5% versus 31% for Canadian Solar and 26% for Trina Solar


Based on the administrative review, Department of Commerce, International Trade Administration issued its findings in the areas of the anti dumping and countervailing duties in regard Chinese cells tariffs issued in 2012, resulting then in the combined punitive tariffs of 31%.

http://affordablesolarusa.org/wp-content/uploads/2015/01/AD-Orders.pdf

Based on the new preliminary review anti-dumping rate for Yingli Green Energy (YGE), Canadian Solar (CSIQ), Trina Solar (TSL) is being reduced to 1.82%. ReneSola Jiangsu and Jinko Solar Import and Export Co., Ltd are also given 1.82% antidumping rate.

However, DOC has given PRC-wide status to Wuxi Suntech, subsidiaries of LDK Solar, Jinko Solar Co., Ltd and ReneSola at 238.56% rates.

In case of the subsidy review, CVD rates are 15.68% for above companies.

http://affordablesolarusa.org/wp-content/uploads/2015/01/CVD-Orders.pdf

JA Solar (JASO) has not been reviewed, and the rates for the company are expected to remain as the 2012 order.

Canadian Solar seems to win the most as its rates fall now to the same level as Trina's. Trina had about 5% advantage over Canadian and JinkoSolar with 2012 order. Most likely Jinko Solar is also going to benefit despite one of the subsidiaries receiving PRC-wide rate. JA Solar will remain with the 31% rates. The final review is due in 120 days and change to deposits at custom would take place 15 days later or sometime in May of 2015.

New tariff can potentially improve margins in the US for Canadian Solar from 10 to 15% and still lower prices for Chinese modules from $0.75 to $0.70 per watt. This should be welcomed by developers and installers in the US, the market, which has the highest ASP in the world currently.

Read 3130 times Last modified on Tuesday, 06 January 2015 04:43
Robert Dydo

Robert is the founder and CEO of SolarPVInvestor and SPVInvestor Research, Inc. His career spans more than 20 years in supply chain, managing and planning operations for distribution centers. An ardent private investor, Robert found his niche in contesting misinformation about solar in general, and the Chinese solar industry in particular, while using his finance education matched with a lifelong ardor for the stock market

SPVInvestor Research, Inc.is a Canadian incorporated research firm. We publish CEDR, the most complete, monthly report on exports of modules, cells, wafer from China, including focus on US-listed Chinese companies.