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PV manufacturers are now on their toes anticipating the preliminary verdict for product dumping announcement by the end of July. Prices within the PV supply chain continue to drop due to low season and weak demand in China and Japan. Among all, Taiwan’s cell prices have declined significantly.
PV manufacturers are still conservative about market demand even though the result of the US-China anti-dumping preliminary verdict will be announced soon. These circumstances have led to weak demand in July and slow stock clearance have led to high inventory levels within the overall supply chain. Recent market prices have also substantially declined and certain quotations even decreased below manufacturers’ breakeven point, which in turn led to lowest OEM prices in recent times, according to EnergyTrend, a subsidiary of Taiwan-based market intelligence firm TrendForce.
Impacted by the US-China trade war, PV cell manufacturers’ utilization rates continued to drop in June, and thus affected manufacturers’ sales performances, according to EnergyTrend.
The Japanese Ministry of Economy, Trade, and Industry (METI) announced on June 17th the withdrawal of FIT certifications for 144 solar plant facilities with capacities totaling 290MW. While there are 288 approved PV projects totaled at 1950MW that have yet to enter the construction phase, METI has the right to revoke these projects’ FIT certifications if they do not start construction by the end of August, according to analysis from EnergyTrend, a subsidiary of Taiwan-based market intelligence firm TrendForce.
Following cylindrical cells price and volume usage declines, supply and demand for the technology is expected to remain flat in the second quarter of 2014, due to lowered supply coupled with slight demand increases. Additionally, manufacturers estimate prices will stabilize, ending roughly a two-year decline, according to recent findings from EnergyTrend, a subsidiary of Taiwan-based market intelligence firm TrendForce.