Poly silicon suppliers are cutting production amid low demand and over supply. Lower tier suppliers are struggling with procurement reductions forcing most wafer makers to cut pricing for orders. This has already trickled to the US market and we are seeing some movement in what was a stable poly module price from most Asian suppliers to the US. High quality mono wafer is much less volatile but also seeing some pressure.
Major Asian PV module suppliers are sending shipments to India, driving lower pricing in that market. Domestic Indian suppliers are seeking out higher ASP markets such as the US due to their tariff advantage with the 201 trade case.
Europe demand remains the same and stable while the US demand is very weak due to the tariff. Expect to see pricing competition increase in the short term.
JIMMIEWOOD.COM 