China to probe polysilicon imports longer
Print Edition
China will extend its anti-dumping investigation on European polysilicon by six months, forestalling an immediate imposition of tariffs on imports, the Ministry of Commerce said.
The investigation will go on until May 1, 2014 because the circumstances of the case are “special and complicated,” the ministry said yesterday, without elaborating.
Polysilicon is used to make solar panels, which were at the center of a trade dispute between China and the European Union earlier this year.
China has denied the EU’s charges of selling solar panels at artificially low prices — a practice known as dumping — and threatened hefty duties on Chinese products. China countered by saying the scale of its industry and technology has brought costs down and warned the EU’s move could hurt the industry.
In response, China also opened anti-dumping investigations on polysilicon imported from Europe, the US and South Korea to protect domestic companies led by GCL-Poly Energy Holdings Ltd.
In late July, China reached a deal with the EU that sets a price floor and volume limit on Chinese solar panel exports by the end of 2015. The two main trading partners agreed to avoid a broader showdown. China has said the July deal could help domestic companies keep a ‘‘reasonable market share’’ in Europe and benefit both sides.
Also in July, China slapped anti-dumping duties of up to 57 percent on US imports and up to 48.7 percent on Korean imports. The US levied punitive levies of up to 250 percent on Chinese solar modules last year.
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