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Recent wafer spot price reflected a downtrend. Price quotes for high-efficiency multi-si wafer dropped from US$1.04-1.05/piece in mid-March to US$1.02-1.04/piece lately. For normal-grade products, quotation also declined from US$1.01-1.0/piece to US$1.0-0.98/piece.
Recent changes in spot market trends have led to substantial decline in PV products trading prices. Price quotes for polysilicon to modules dropped around 1%-3%, noted EnergyTrend, a research division of TrendForce. Whether demand fluctuations at the end of March implies weaker 2Q14 demands still remains to be seen.
Japan’s Ministry of Economy, Trade and Industry (METI) announced it will lower PV Feed-in Tariff (FiT) in fiscal year 2014. For PV systems with capacity of 10kW and above, commercial PV FiT will be revised down from 36 yen per kW (tax-excluded) to 32 yen, while residential FiT is to be dropped from 38 yen to 37 yen.
The US Department of Commerce announced on March, 11th that the anti-subsidy initial judgment for certain Chinese crystalline silicon PV products will be extended from March, 28th to June, 2nd. EnergyTrend, a research division of TrendForce, indicates that the delay will stimulate PV market demand and in turn boost the price.
The renewable energy market rapidly grows in Australia due to the recent policies and incentives. However, the economic recession and the decreased system price caused the Australian government to revise the subsidy rate downward.