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Monday, 09/16/2013 7:20:15 AM

Monday, September 16, 2013 7:20:15 AM

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pre-market low 4.43 also industry news
(SOL makes their own)

China said on Monday that it would impose preliminary anti-subsidy duties on some imports of U.S. solar-grade polysilicon, a move that could intensify trade tensions between the world's two largest economies.

China's Commerce Ministry said it would hit U.S. imports of the material used to make solar panels with relatively low duties of up to 6.5 percent, amid trade frictions in the struggling global solar industry.

That follows the ministry's much heftier anti-dumping duties - used for goods sold below market value - of 53.3 to 57 percent on U.S. polysilicon in July, a move which many saw as a bid to protect China's struggling domestic industry. Washington called those duties disappointing.

According to its investigation, "subsidies exist and China's polysilicon industry suffered substantial harm", the ministry said in a statement on its website.

Beginning on September 20, importers of polysilicon from Hemlock Semiconductor Corp and AE Polysilicon Corp will have to pay the duties.
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