Wacker Chemie has agreed a minimum pricing deal with China’s Ministry of Commerce (MOFCOM) that will allow the chemical producer to continue exporting polysilicon made at its plants in Europe to China.
A Wacker statement issued this morning said the company could continue to supply polysilicon into China at “competitive prices”.
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While the agreement for Wacker not to sell below the agreed minimum price remains in place, MOFCOM will not apply anti-dumping or subsidy tariffs to Wacker polysilicon. Further details of the deal, which was signed in Beijing, have not been announced, but the agreement will be in effect from 1 May this year until the end of April 2016.
Wacker chief executive Rudolf Staudigl said he was pleased that “existing differences” over polysilicon prices had been successfully resolved through dialogue.
Staudigl said: “This agreement is an excellent example of how conflicting opinions in trade issues can be amicably solved through constructive discussions and negotiations based on trust.”
The resolution of the EU-China polysilicon dumping investigation last year exempted EU polysilicon producers including Wacker from duties being imposed by China due to ‘special conditions’, despite evidence of dumping.