The **abstract** of this article discusses the fluctuating prices of polysilicon in early 2013, highlighting a significant rise followed by a gradual decline. By the end of February 2013, the price of polysilicon had climbed to 138,000 yuan per ton. In March, the price continued to rise moderately, surpassing 140,000 yuan/ton and peaking at 142,800 yuan/ton by the end of the month. This upward trend was driven by several factors, including expectations surrounding China’s “double anti-dumping†investigation into imports from the U.S., South Korea, and the EU, as well as government policies aimed at supporting the photovoltaic (PV) industry through six key regulations.
However, by April, the market began to cool. Prices started to fall, with some manufacturers lowering their quotes. The average price dropped to around 137,000 yuan/ton, signaling a shift in market sentiment. The initial optimism about the “double anti-dumping†investigations began to fade, and increased imports from the U.S., Europe, and South Korea also contributed to the downward pressure on prices. Domestic polysilicon producers faced growing challenges due to rising competition and shifting trade dynamics.
One of the main reasons for the price increase in March was the anticipation of China’s ongoing investigations into foreign polysilicon imports and the EU’s anti-dumping case against Chinese PV products. Although no official announcements were made, consultations were underway, and delays in the process created uncertainty. This led to a cautious approach among domestic producers, who began preparing for potential policy changes or market shifts.
Another factor was the EU’s requirement for Chinese solar panels to be registered upon import, with final results expected in June. If temporary duties were imposed, Chinese manufacturers could face retroactive tariffs, further complicating the export situation. However, long-term growth in domestic demand and supportive policies, such as tax exemptions for polysilicon and higher export rebates, provided some relief to the industry.
In addition, the National Development and Reform Commission introduced new pricing policies for solar power generation, which included regional tariff adjustments and reduced subsidies for distributed generation. These changes aimed to encourage market-based pricing and promote more competitive bidding practices.
By April, the price of polysilicon began to decline as the “double anti-dumping†investigations faced repeated delays, and the impact of supportive policies fell short of expectations. Additionally, foreign companies attempted to clear inventory before potential sanctions, leading to increased exports from the U.S., South Korea, and Germany. These actions put further pressure on domestic producers, forcing them to lower prices to remain competitive.
Imports of polysilicon also showed signs of change. In March 2013, China imported 6,433 tons, down 19.49% from the previous month. The average import price rebounded to $19.39/kg, up 9.55% from February but still significantly lower than the previous year. South Korea, the U.S., and Germany remained the top three sources, with South Korea overtaking the U.S. and Germany for the first time since January 2012.
The EU’s anti-dumping and countervailing investigations against Chinese PV products intensified, with an open letter from European PV companies urging the EU to avoid harsh measures that could harm the industry. These developments added to the uncertainty facing Chinese manufacturers, who were closely watching the outcome of the EU’s preliminary ruling in June.
Overall, while the polysilicon market experienced both ups and downs in early 2013, the underlying factors—such as trade policies, global demand, and domestic support—played a critical role in shaping its trajectory. As the industry moved forward, the focus remained on balancing supply and demand, improving profitability, and adapting to evolving market conditions.
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