February 12th News On February 10th, the U.S. Department of Commerce announced its affirmative final determination in the second expedited sunset review of antidumping and countervailing duties on crystalline silicon photovoltaic products imported from China. Additionally, it issued an affirmative final determination in the second expedited sunset review of antidumping duties on the same products imported from Taiwan, China. The ruling stated that revoking the existing antidumping duties would result in the continuation or recurrence of dumping of Chinese products at a margin of 165.04% and Taiwanese products at a margin of 27.55%. Furthermore, revoking the existing countervailing duties would lead to the continuation or recurrence of subsidies on Chinese products at rates ranging from 29.72% to 41.57%. Chempricehub Analysis on Polysilicon, Bull-Bear Score: -1.5 The U.S. Department of Commerce's imposition of high antidumping and countervailing duties on crystalline silicon photovoltaic products (with a dumping margin of 165.04% and subsidy rates of 29.72%–41.57% for China) will increase the export costs for Chinese products, suppress demand in the U.S. market, and lead to a relative oversupply of polysilicon globally, putting downward pressure on spot prices. Combined with futures data, although the main polysilicon futures contract (e.g., Contract 48800, closing price 49,015 yuan/ton, change +30) has shown recent fluctuations and upward movement, this event reinforces bearish expectations and may trigger a downward trend in futures prices due to market concerns over shrinking demand and intensified trade barriers.