China Solars Slip as Duty on European Polysilicon Imports Delayed (DQ) (YGE) (LDK)
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Daqo New Energy (NYSE: DQ) is down again today following a 20 percent slump on Monday with news out of Europe that China won't impose duties on polysilicon imported from the European Union.
The German Economy Ministry, as cited by Bloomberg, said the the matter "is resolved for the time being."
Polysilicon is the key material used in solar cells.
Last month, the EU imposed an 11.8 percent tariff on solar panels from China. The EU and China are currently in negotiation and, if no deal is reached, a duty of 67.9 percent could be put in place next month.
Other solars that are lower today include LDK Solar (NYSE: LDK), Yingli Green Energy (NYSE: YGE), and JA Solar (Nasdaq: JASO), among others.
The German Economy Ministry, as cited by Bloomberg, said the the matter "is resolved for the time being."
Polysilicon is the key material used in solar cells.
Last month, the EU imposed an 11.8 percent tariff on solar panels from China. The EU and China are currently in negotiation and, if no deal is reached, a duty of 67.9 percent could be put in place next month.
Other solars that are lower today include LDK Solar (NYSE: LDK), Yingli Green Energy (NYSE: YGE), and JA Solar (Nasdaq: JASO), among others.
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