17 September 2013 04:59 [Source: ICIS news]
SINGAPORE (ICIS)--China will levy a security deposit of 6.5% on imported solar-grade polysilicon from the US from 20 September, as part of its provisional anti-subsidy duties measures, according to the northeast Asian country's Ministry of Commerce.
Preliminary results from China's anti-subsidy investigations, which started on 20 July 2012, found that solar-grade polysilicon cargoes from the US sold to the Chinese market have subsidies and have injured the domestic industry, the ministry announced late on Monday.
US firms such as Hemlock Semiconductor Corp and AE Polysilicon Corp will have to pay security deposits of 6.5% when selling polysilicon to the Chinese market, the ministry said.
Meanwhile, three US firms - namely REC Solar Grade Silicon LLC, REC Advanced Silicon Materials LLC and MEMC Pasadena Inc - were exempted from the new security deposit requirement on polysilicon imports, the ministry said.
China’s anti-subsidy investigation is ongoing and is expected to be completed on 20 January next year.
Solar-grade polysilicon are the major feedstocks to produce crystalline silicon photovoltaic cells.
($1 = CNY6.12)
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