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Probe on imports of polysilicon
By Richard Fu |
November 27, 2012, Tuesday
|
Print Edition
Print Edition
CHINA began a probe yesterday to determine whether it will impose retroactive anti-dumping duties on solar-grade polysilicon imported from the US, South Korea and the European Union.
In line with the investigation, the Ministry of Commerce will also decide whether to impose retroactive anti-subsidy duties on polysilicon, the raw material used to make solar panels, from the US and EU, it said in a statement yesterday.
US and South Korean suppliers have to provide monthly data within 15 days on the amount and value of polysilicon they sold to China between January and October this year. They have to continue doing so till the preliminary findings by the ministry are announced. European suppliers have had to do so since May, the statement said.
China, the world's largest solar panel maker and exporter, earlier opened trade investigations on polysilicon imported from these regions, after the US slapped hefty punitive duties on Chinese solar panels and Europe launched similar anti-dumping and anti-subsidy probes on Chinese products.
The dispute comes as Chinese solar firms suffered waning export demand.
Analysts warn the probe, which could benefit domestic polysilicon makers such as Jiangsu Zhongneng Polysilicon Technology Development Co, a unit of Hong Kong-listed GCL-Poly Energy Holdings Ltd, may put pressure on Chinese solar panel makers, who will face higher raw material prices if tariffs are levied.
In line with the investigation, the Ministry of Commerce will also decide whether to impose retroactive anti-subsidy duties on polysilicon, the raw material used to make solar panels, from the US and EU, it said in a statement yesterday.
US and South Korean suppliers have to provide monthly data within 15 days on the amount and value of polysilicon they sold to China between January and October this year. They have to continue doing so till the preliminary findings by the ministry are announced. European suppliers have had to do so since May, the statement said.
China, the world's largest solar panel maker and exporter, earlier opened trade investigations on polysilicon imported from these regions, after the US slapped hefty punitive duties on Chinese solar panels and Europe launched similar anti-dumping and anti-subsidy probes on Chinese products.
The dispute comes as Chinese solar firms suffered waning export demand.
Analysts warn the probe, which could benefit domestic polysilicon makers such as Jiangsu Zhongneng Polysilicon Technology Development Co, a unit of Hong Kong-listed GCL-Poly Energy Holdings Ltd, may put pressure on Chinese solar panel makers, who will face higher raw material prices if tariffs are levied.
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