The controversy over the dumping of solar products by China and Europe seems to be progressing. The latest news shows that a spokesman for the German Ministry of Economy said on Monday that China will not impose import duties on solar-grade polysilicon originating in the European Union.
The German Business Daily (Handelsblatt) reported on the 8th that German Economy Minister Rosler and Chinese Commerce Minister Gao Hucheng had reached an agreement that they would not impose sanctions on EU polysilicon products.
German solar polysilicon giant Wacker Chemie AG (Wacker Chemie AG) heard news on the 8th rose 7.87% to close at 62.07 euros, a new high in three months. Wacker issued an e-mail on the 8th that the above news is very exciting, which means that the EU and China may have reached an agreement for the solar dispute.
The British Financial Times (Financail TImes) once reported that for WACKER, the imposition of anti-dumping duties on Chinese solar energy companies in Europe may push up the terminal prices of solar equipment, further striking the already troubled industry in Europe.
After ending its investigation since October (2012), China had planned to impose anti-dumping duties on polysilicon imported from the EU. The EU has imposed a preliminary 11.8% anti-dumping tariff on mainland solar panels on June 5, and China ’s move is seen as a retaliatory action against the EU.
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