1. Friday May 25, 2018
      Home > News > Economy
      Text:| Print|

      China PV makers squeezed by EU duties

      2013-06-06 08:31 Xinhua     Web Editor: qindexing comment

      Chinese solar panel firms said Wednesday that the EU's punitive duties on imported photovoltaic products from China will erode their low margins and could even drive them out of a key market.

      EU Trade Commissioner Karel De Gucht announced Tuesday that the EU will impose provisional anti-dumping duties on imports of solar panels, cells and wafers from China.

      An interim punitive duty of 11.8 percent will apply to all Chinese solar panel imports starting from Thursday. The duty will be raised to an average of 47.6 percent two months later if both sides fail to find a solution.

      Over the past four years, prices for solar panels have fallen by nearly three-fourths due to intensive trade divisions and slumping material costs, said Qu Xiaohua, chairman of Canadian Solar Inc.

      "Due to weak demand and excess capacity globally, the PV industry has entered a period of low profitability since the beginning of last year. In the first quarter of this year, the industry's average profit margin was only 8 percent," Qu said.

      "Given the 11.8-percent tariff rate, Chinese PV producers can't slash prices to maintain their price advantage," he said.

      The punitive duties could deal a heavy blow to China's already struggling PV industry, as it relies heavily on the European market, experts said.

      With the anti-dumping duties, Chinese PV makers could lose their price advantage to their counterparts in Taiwan and the Republic of Korea, said Wang Shijiang, secretary-general of the China PV Industry Alliance.

      "The rate looks better than expected, but it is enough to drive Chinese PV products out of the EU market," said Wang. "Considering that the EU is the largest export destination for Chinese PV products, the restrictions could become the last straw that breaks Chinese solar panel makers."

      "The PV industry is still gloomy and has very low profit margins," said Tong Xingxue, president and chief executive officer of LDK Solar. "The duties imposed at the moment mean another blow to a struggling industry and some companies just can't bear it."

      Tong urged Chinese authorities to speed up talks with the European Commission to reach a settlement that includes price undertaking in the coming months.

      In price undertaking, exporters raise the export cost of a product to avoid the possibility of an anti-dumping duty.

      "The initial rate is 11.8 percent and we can pledge a price hike of a similar level," Tong said, adding that a hike of 10 to 20 percent would aid the entire market.

      Liang Tian, director of public relations at Yingli Green Energy Holdings Co., said Chinese firms hope to reach agreements with EU clients to share the costs.

      Unlike punitive U.S. tariffs, under which Chinese firms can use non-China-made cells to evade duties, many firms feel they are left with few options but to move operations overseas in a bid to avoid the EU duties, Qu said.

      Many firms are ready to relocate some capacity overseas to regain access to EU markets, Liang added.

      With the punitive duties falling within expectations, some firms have been working to move overseas since last year, Wang said.

      Regaining access to the EU market could occur after overseas expansion or contract manufacturing, but the costs will be much higher, said Lian Rui, an analyst with solar market research agency Solarbuzz.

      "This could cast a shadow on the development of clean energy in Europe, as solar panel installers and developers there could face higher costs too," Lian said.

      Eighteen EU member states, hundreds of European solar companies, 15 European photovoltaic associations and industry experts have voiced objections to the duties.

      Davide Cucino, president of the European Union Chamber of Commerce in China, said the two-month period that must pass before the 47.6-percent tariffs can be imposed should be seen as the European Commission reaching out to give China time to come up with a settlement.

      "The European Chamber supports this move because, given the importance of the EU-China business relationship, we strongly urge both sides to engage in friendly negotiations to reach an amicable solution that could hopefully supercede the provisional measures," Cucino said.

      Comments (0)

      Copyright ©1999-2011 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 国产嫩草影院精品免费网址| 国产精品网站在线观看免费传媒| av无码久久久久不卡免费网站| 亚洲精品无码mv在线观看网站 | 亚洲第一永久在线观看| 毛片基地看看成人免费| 久久国产亚洲精品麻豆| 国产一级a毛一级a看免费视频| 国产日产亚洲系列最新| 成人av片无码免费天天看| 亚洲色偷偷综合亚洲AVYP| 免费萌白酱国产一区二区三区| 亚洲高清国产AV拍精品青青草原| 国色精品va在线观看免费视频| 国产日韩亚洲大尺度高清| 无码国产精品一区二区免费式芒果 | 国产精品偷伦视频免费观看了| 精品亚洲成α人无码成α在线观看 | 日韩a毛片免费观看| av在线亚洲欧洲日产一区二区| 中文字幕在线免费播放| 亚洲成年人在线观看| 在线看片韩国免费人成视频| 亚洲乱亚洲乱妇24p| 免费一级肉体全黄毛片| 国产精品免费大片一区二区| 久久精品国产亚洲av成人| 国产精品久久永久免费| 老外毛片免费视频播放| 亚洲AV日韩精品久久久久| 福利免费观看午夜体检区| 无码天堂va亚洲va在线va| 国产亚洲精品无码成人| 2021国内精品久久久久精免费| 国产AV旡码专区亚洲AV苍井空 | 亚洲视频在线观看免费| 欧美日韩国产免费一区二区三区| 国产天堂亚洲精品| 亚洲va在线va天堂va四虎| 免费看美女被靠到爽的视频| 在线看片免费人成视频久网下载|