China polysilicon makers buoyed by ‘revenge’ import tax

After a year of inactivity, China’s biggest polysilicon plants are resuming output to meet a demand recovery anticipated when Beijing imposes a retaliatory tax on US and European imports of the material key to solar panel production.

Shares of the Chinese producers that stand to benefit most, Daqo New Energy Corp and GCL Poly Energy Holdings Ltd , have risen by 64 per cent and 44 per cent, respectively, in the last month.

via Business feed http://www.scmp.com/business/companies/article/1130849/china-polysilicon-makers-buoyed-revenge-import-tax