China's polysilicon imports jump 33%
Source: Xinhua |
October 10, 2012, Wednesday
|
Print Edition
Print Edition
CHINA'S polysilicon imports jumped during the first eight months of 2012 but prices slid, further squeezing profit margins for domestic companies, official data have indicated.
China imported 56,000 tons of polysilicon, a raw material used to make solar cells, in the first eight months, up 32.8 percent annually, with import prices averaging US$26.92 per kilogram, down 54.2 percent compared with last year's average import prices, according to a statement posted on the website of the General Administration of Customs.
South Korea, the US and Germany accounted for 87.8 percent of China's polysilicon imports in August.
However, the average import prices from South Korea and Germany fell from the previous month to US$23.33 per kg and US$29.0 per kg, respectively, the statement said.
"The imports, which were sold at lower prices than locally produced polysilicon, have severely affected China's domestic polysilicon business," said an analyst with China Nonferrous Metals Industry Association.
China imported 56,000 tons of polysilicon, a raw material used to make solar cells, in the first eight months, up 32.8 percent annually, with import prices averaging US$26.92 per kilogram, down 54.2 percent compared with last year's average import prices, according to a statement posted on the website of the General Administration of Customs.
South Korea, the US and Germany accounted for 87.8 percent of China's polysilicon imports in August.
However, the average import prices from South Korea and Germany fell from the previous month to US$23.33 per kg and US$29.0 per kg, respectively, the statement said.
"The imports, which were sold at lower prices than locally produced polysilicon, have severely affected China's domestic polysilicon business," said an analyst with China Nonferrous Metals Industry Association.
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