The stock prices of OCI Holdings, the only producer of solar-grade polysilicon in the country, and its subsidiary OCI are showing an upward trend in early trading on the 17th. There appears to be an increase in buying pressure following news that polysilicon is exempted from tariffs imposed by the Donald Trump administration.
As of 9:09 a.m. on that day, OCI Holdings is trading at 65,300 won, up 5,900 won (9.93%) from the previous trading day. OCI has risen 2,200 won (4.12%) from the previous trading day, reaching 55,600 won.
News that polysilicon was excluded from the tariff items by the U.S. government the previous day acted as a positive factor. Polysilicon is processed into wafers that serve as substrates for solar cells. By connecting the cells, finished goods solar modules can be produced.
The U.S. government designated 1,039 items as 'tariff-exempt items (HTSUS)' focusing on products that are difficult to produce domestically while imposing tariffs. Polysilicon is included in this list and is not subject to tariffs.
OCI Holdings and OCI are expanding their solar business in the United States and are expected to directly benefit from the tariff exemption.