Will The United States Revoke Its Anti-dumping And Countervailing Policy On China's Photovoltaic Industry?

Source: Zhengdian Photovoltaic

On October 21, 2024, the U.S. Federal Register published a notice that at the request of Lutron Electronics Inc. (Lutron), the U.S. Department of Commerce is initiating a change of circumstances review (CCRS) to consider the possibility of partially revoking anti-dumping and countervailing duty orders on certain small, low-power, off-grid CSPV batteries (whether or not assembled into modules).

Commerce invites interested parties to comment or provide factual information. Supporting comments or information should be submitted within 14 days of the announcement, and rebuttal comments or information should be submitted within 7 days of the announcement.

Commerce plans to publish a preliminary notice of the results of the CCRs in the Federal Register and present preliminary factual and legal conclusions in the notice. If not extended, Commerce will publish the final results of the CCRs in accordance with the prescribed time limits.

The initiation notice of CCRs is issued in accordance with relevant regulations and signed by Scot Fullerton, Deputy Assistant Secretary for Antidumping and Countervailing Duty Operations.

Only for small components, photovoltaic application products, these are crafts, electronic products, toys and automotive accessories, etc. Component listed companies basically do not do these things.

Although this review targets some non-mainstream products, it means that the US tariff policy on Chinese photovoltaic module products has loosened, which is a sign of easing Sino-US relations. The possibility of further expansion of the exemption scope of photovoltaic products cannot be ruled out in the future. Today's intraday fermentation, some institutions have misinterpreted, and the photovoltaic main material companies in the late trading were slightly stretched due to the news, but after-market verification found that it did not have a real impact on the fundamentals.

In fact, this week's photovoltaic sentiment recovery rebound, the catalyst for trading is the photovoltaic association's symposium and price limit call last weekend, which has initially shown results. Bidding below 0.68 yuan/W is suspected of being illegal, and component companies and tenderers are implementing it. The results of the opening of the 2.5GW bid of China Energy Conservation this morning showed that the bidding prices of all companies were basically stuck above 0.68 RMB/W. The bottom of domestic component prices has appeared, and it is expected to stabilize and rebound in the future and drive the price rebound of the entire industry chain. Therefore, the recent photovoltaic main materials have used this as a catalyst to carry out valuation repair and rebound.