Limited impact of the EU's "double reverse" China PV Glass

EU on Chinese PV companies raised "double reverse" big stick is still fermenting. Feb. 5, according to foreign media, the European Solar Glass Manufacturers Association (EU ProSun Glass), the European Commission officially filed a complaint, accusing the Chinese enterprises in Europe, in order to seize market share, far below the cost solar panel price glass products EU anti-dumping investigation of Chinese enterprises.

The move is generally considered to be the follow-up action of the European Union on China's photovoltaic "dual" purpose is to block the Chinese enterprises to "double reverse" loophole. But the industry view, the move in the form of significance is much larger than the real meaning, the short term impact of China's photovoltaic industry and listed companies are limited.

Or to draw the United States "double reverse" ineffective lessons

EU ProSun Glass recently said in a news release on its official website, an increase of less than 5% of the demand for photovoltaic glass products from the European market in 2010-2012, the same period of Chinese enterprises in the European market share surged to 27% from 8% Europe now imports 90% of photovoltaic glass products from China. The association said Chinese companies have been able to offer lower prices to some extent, because they received unfair government subsidies. These companies want to levy tariffs of more than 100% of the EU on China's exports to the European photovoltaic glass products.

Minsheng Securities electrical equipment with new energy chief analyst Wang Haisheng, said the China Securities Journal reporter, EU ProSun Glass photovoltaic glass anti-dumping lawsuits, grid tie inverter are likely to learn from the lessons of the United States make up the 'dual' vulnerability. "

It is understood that, in November last year, the U.S. International Trade Commission unanimously the final ruling identified crystalline silicon photovoltaic cell and module products imported from China, substantial damage related industries in the United States, the United States of such products will be the imposition of anti-dumping and countervailing tariffs. Faced with this adverse situation, the Chinese PV companies have generally adopted by the products produced in third countries, output in the United States again, so cleverly bypassing the tariff barriers. And many photovoltaic accessories not in the U.S. Department of Commerce survey of the column, so many Chinese enterprises have become the "slip through the net.

In this case, intended to improve the U.S. market, the price of photovoltaic products "dual" effect is greatly reduced in the implementation, in the United States, sales of crystalline silicon photovoltaic cells and modules prices still remain low.

Then, on February 1 this year, the U.S. Photovoltaic Manufacturing Alliance (CASM) to the United States Court of International Trade in New York to appeal to protest against the ruling made by the U.S. Department of Commerce in November 2012, because if the Chinese PV manufacturing companies using non-mainland China production photovoltaic cells, then they may be able to components destined for the United States and are not subject to import tariffs. Moreover, it is a very important content of a lawsuit in the U.S. Photovoltaic Manufacturing Alliance, the U.S. Department of Commerce will not investigate Chinese government subsidies given to the aluminum extrusion and rolling glass.

Wang Haisheng said, "double reverse" investigation in the EU has not made the final ruling before the EU ProSun Glass eager to want to photovoltaic glass added to the ranks of "anti-dumping", apparently drawing "double reverse" unfavorable lessons, want to plug the "loopholes" in advance, do not give Chinese companies the opportunity to seek a loophole. This will also to a certain extent reflect the EU will "double reverse" determination in the end, the result would surely be in the United States is tougher.

Limited impact on China PV short-term

It is understood that, as of the end of last year, the total EU photovoltaic glass market to less than 200 million euros, 27% of the market share of Chinese enterprises to calculate, sine wave inverter even if China PV Glass "double reverse" implementation also means that only affect enterprise a total of 54 million euros in exports to Europe.

Wang Haisheng said, the photovoltaic glass only 2% to 3% of the entire assembly costs, the short term impact of the incident on the PV industry in China is limited, and the form of significance is much larger than the real meaning.

It is understood that the listed companies of China PV Glass Industry Almaden the show strong shares, CSG A the ST force yang, YPG, Jin Jing, the Air Sanxin Topray can. Which, as the domestic photovoltaic Almaden less anti-glass leading photovoltaic glass products operating income accounted for 99.97% of its total operating income, but more than 93% of its products are considered domestic, only a small number of products exported to the Americas Asia, the incident apparently minimal impact; biggest glass deep-processing enterprises as the size of the domestic appliance glass, show strong shares in recent years stepped up efforts to develop photovoltaic glass business, the photovoltaic glass operating income in 2012 is nearing half of its total operating income, but its products mainly to domestic sales, exports are not large. CSG A photovoltaic glass business accounted for less than 10% of its total business volume, exports to the EU and even less, so its impact is not large.

JA Solar strategic marketing manager Wang Runchuan said the China Securities Journal reporter, although not large amount of Chinese exports to the EU photovoltaic glass, does not seem to have much impact in the short-term, but the long-term perspective still several pitfalls. He believes that, as a chain reaction, first photovoltaic glass, after the aluminum frame is mention the possibility of anti-dumping lawsuits. "And although the of photovoltaic glass litigation these photovoltaic glass production enterprise is not large, but once the anti-dumping finds established the anti-dumping penalties on PV modules will also overweight, this will affect their customers, but ultimately anti- over or will affect them. "