Abstract According to Reuters, May 8 evening, two EU officials said on Wednesday the European Commission agreed on solar panels imported from China to impose punitive tariffs. That is, the European Commission held a meeting on Wednesday at the European Union (EU) Trade Commissioner Carlo De Gucht (Kar...According to Reuters, on the evening of May 8, two EU officials said that the European Commission agreed on Wednesday to impose punitive tariffs on solar panels imported from China. The European Commission expressed its support for the proposal of EU (EU) Trade Commissioner Karel De Gucht at a meeting on Wednesday.
The above officials said that once the Executive Committee disclosed the resolution in the official journal, the tariff will take effect on June 6, and the average tax rate will be 47%. The EU is the world's largest PV market. More than 70% of China's PV products are exported to the EU. In 2011, China's PV companies exported 21 billion Euros to the EU.
In response, Ministry of Commerce spokesman Yao Jian said on May 9 that China is firmly opposed to the EU's plan to impose punitive tariffs on Chinese PV products, and China will protect domestic enterprises. Yao Jian said that China hopes that the EU can be cautious about the issue of setting restrictions. China does not want to see trade wars.
Different companies with different tax rates
There are currently two different versions of the tax rate imposed by the EU on different companies.
According to the Wall Street Journal, the tax rate for Suntech Power in this program is 48.6%. Jiangxi LDK and Trina Solar will be subject to import tariffs of 55.9% and 51.5% respectively, while JA Solar's tax rate is 58.7. %.
The above report also said that most other Chinese companies in the PV industry who cooperate with the survey will pay an average of 47.6% of the tariffs, while uncooperative companies will face a tax rate of 67.9%.
Another version of the internal outflow of Chinese PV companies shows that the company's specific tax rate is 37.3% for Yingli, 48% for Suntech, 51% for Trina Solar, 67.9% for Wangeng, and 57 for LDK. %, Jinzhou sunshine tax rate is 38%, Jingao solar tax rate is 38%.
Lian Rui, senior analyst of solarbuzz photovoltaics, told reporters that no matter which version, it is necessary to wait for the vote of the European Commission on May 15 to determine the 27 member states of the EU will vote.
"This program leaked out in advance, and it is possible that some organizations or companies hope to put pressure on the voting results of the day." Lian Rui believes.
Lian Rui also analyzed that the results that have flowed out are really confusing. Because the EU's dual-anti-China PV products involve the entire industry chain, from wafers, cells to components, and this time, each company has a tax rate of only one, which does not reflect the difference between different products. Sex.
Therefore, he believes that the different tax rates presented by leading companies depend not only on their respective costs, the investigation of lawyers, but also on the proportion of products involved. â€œYou can't simply compare the two companies together, because each business is different, some silicon wafers are high, and some components are high.â€
Xie Xingxue, CEO of LDK, told reporters that Sunway LDK acquired the German photovoltaic company Sunways in early 2012. The company has about 300MW of battery and module capacity in Europe, which can help LDK to deal with EU double-reverse.
On the local front, LDK has reduced the number of products exported to the EU since the second half of last year. For more than a year, the LDK has no European customers. The components have not been exported since March, so there is basically no traceability. . In the future, LDK will look to emerging markets such as Asia and Africa.
From March 6th, the EU will force mandatory pre-registration of PV modules exported from China at customs in various countries. This means that from June 6th, anti-dumping duties on all PV products exported from China to the EU from March to May will also be paid back.
The same view also includes Jinko Energy. One of its management also said that it has lowered its export volume to Europe since the end of last year. At present, total European shipments account for about one-third of the companyâ€™s total sales. The influence of the department is not big.
At the same time, both Jingke and Artes said they are considering transferring production capacity abroad to avoid taxation. Artus is considering moving to Canada, while Jingke is investigating South Africa and Southeast Asian countries.
Can the price commitment be reached?
Although the taxation scheme has been introduced, it is still possible for the EU to cancel the double-reaction against Chinese PV products. Yan Xingxue revealed to reporters that before this, the Ministry of Science and Technology and the Chamber of Commerce for Electromechanical Industry had conducted a round of extensive research on photovoltaic companies. The purpose of this survey was not only to find out the current production status of PV companies, but also to develop Double-reverse price commitments are prepared. Yan Xingxue told reporters that if this price commitment can be reached with the EU, the EU has the opportunity to cancel the double-counter against Chinese PV products.
"The price commitment will be put forward in the negotiations between the Chamber of Commerce of the Electrical and Mechanical Industry and the European Commission on May 15. If consensus can be reached, it will be a win-win result for both parties, which means that Chinese companies do not have to pay the retroactive tax at the same time."
At the same time, Yan Xingxue believes that the price commitment is actually easy to achieve, because it is necessary to promise a higher price, which is a beneficiary for Chinese manufacturing companies. The key is whether the EU is acceptable.
But another PV business leader holds the opposite view, and he believes that price commitments are difficult to achieve.
â€œThe reason is that there is currently no strong alliance in the entire PV industry to discuss this matter. Enterprises are all battalized and only strive for their own interests. In addition, there are many Chinese PV companies, and it is difficult for hundreds of companies to reach consensus.â€
At the same time, Yan Xingxue told reporters that the cold hydrogenation transformation of LDK Silicone Plant is expected to be completed from the end of the second quarter of this year to the beginning of the third quarter. At that time, LDK's silicon plant can be opened. The LDK has already started to have positive cash flow. The upstream wafer has reached the stop-loss target, the cell capacity has been cut, and the components are gradually reducing losses.
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