hanwha chemical

Major Korean polysilicon producer is to close two solar grade polysilicon plants in Korea as production costs are almost double the current record low ASPs.

‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has as expected confirmed it would de-list from NASDAQ as part of its planned acquisition by Hanwha Solar Holdings Co, a subsidiary of Hanwha Chemical Corporation.

‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS has appointed a new chairman and CEO with former experience at the company as parent, Hanwha Group begins consolidating solar sector subsidiaries.

‘Silicon Module Super League’ (SMSL) member Hanwha Q CELLS said it would seek to de-list from NASDAQ, following two major SMSL members, Trina Solar and JA Solar to go private after years of experiencing lower valuations on the NYSE and NASDAQ stock markets, compared to smaller listed US rivals.

An investigation by China’s Ministry of Commerce of the People's Republic of China (MOFCOM) on polysilicon dumping by South Korean producers has resulted in only small tariff increases for the largest importers.

According to polysilicon market specialist, Bernreuter Research recent polysilicon import levels into China surged between October and November 2016, while ASP’s also recovered, a trend seen the year before and ahead of China installing a record 22GW of solar in the first half of 2016.