China Launches Anti-dumping Probe into Polysilicon Products from EU

Source: Ministry of Commerce, ChinaScope Financial (Data)

+       The Ministry of Commerce (MOFCOM) announced today that it has decided to launch an anti-dumping probe into solar-grade polysilicon products imported from EU.

+       The probe is expected to improve the stock market performance of some listed Chinese polysilicon manufacturers.

Severe excess supply has caused 90 percent of Chinese polysilicon producers to shut down production. Since China currently is the only major source of polysilicon demand, it is unlikely that trade barriers will prevent exporters from selling to China and the domestic shutdowns implies that China will have no choice but to accept higher import prices.

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