• 3 minutes Could Venezuela become a net oil importer?
  • 7 minutes Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 12 minutes Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
  • 22 hours Could Venezuela become a net oil importer?
  • 2 mins Reuters: OPEC Ministers Agree In Principle On 1 Million Barrels Per Day Nominal Output Increase
  • 3 mins Oil prices going Up? NO!
  • 1 day Tesla Closing a Dozen Solar Facilities in Nine States
  • 21 hours Gazprom Exports to EU Hit Record
  • 23 hours EU Leaders Set To Prolong Russia Sanctions Again
  • 21 hours Could oil demand collapse rapidly? Yup, sure could.
  • 21 hours Oil Buyers Club
  • 1 day Why is permian oil "locked in" when refineries abound?
  • 1 day Saudi Arabia plans to physically cut off Qatar by moat, nuclear waste and military base
  • 15 hours Oil prices going down
  • 1 day EVs Could Help Coal Demand
  • 19 hours Saudi Arabia turns to solar
  • 13 hours Russia's Energy Minister says Oil Prices Balanced at $75, so Wants to Increase OPEC + Russia Oil by 1.5 mbpd
  • 1 day China’s Plastic Waste Ban Will Leave 111 Million Tons of Trash With Nowhere To Go
  • 8 hours Battle for Oil Port: East Libya Forces In Full Control At Ras Lanuf
Global Energy Consumption Soars To New Heights

Global Energy Consumption Soars To New Heights

The new BP Statistical Review…

Russia Gears Up To Boost Oil Production In July

Russia Gears Up To Boost Oil Production In July

According to export schedules and…

China Announces its Final Anti-Dumping Duties Against US Solar Imports

On Monday, China announced its final anti-dumping and anti-subsidy duties to be levied against all imports of solar-grade polysilicon from the US. It is just the latest move in the contentious solar industry trade battle that began in 2012 when the US decided to impose its own duties on imported Chinese solar panels.

An investigation found that China’s producers were suffering due to US and South Korean companies selling products below cost in the Chinese markets. It is expected that these duties will level the playing field and allow domestic companies to compete with imports.

Related article: New Efficient Materials Promise a Photovoltaic Revolution

The duties levied against imports of the raw material needed to make solar panels were set at 57 percent, in line with the initial levels of duty set last year by China’s Commerce Ministry; anti-subsidy duties were set at 2.1 percent.

Imports of South Korean polysilicon were also the subject of anti-dumping duties, set at between 2.4 percent and 12.3 percent.

The Ministry of Commerce stated that the duties would be effective immediately and last until 2019.

The US solar companies REC Solar Grade Silicon LLC and AE Polysilicon Corp, were some of the hardest hit by the new anti-dumping duties, which Washington previously called disappointing.

The duties will help to protect struggling solar technology producers such as LDK Solar Co. Ltd. They come after China’s State Council has promised to increase the support it offers for its domestic solar industry as it seeks to revive the sector which has been plagued with overcapacity and falling prices.

Related article: Ceramic Converter Tackles Solar Cell Problem

The US were the first to strike in this trade war when, in 2012, they imposed duties of nearly 30% on all Chinese solar panel imports.

The EU also planned to impose its own duties on Chinese solar panels, but a large number of governments, led by Germany, opposed the plan due to fears of offending China and losing its business. Instead a compromise was agreed in July.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News