Despite weak demand from Chinese PV manufacturers after the US anti-dumping rulings, Taiwanese PV manufacturers were said to have received rush orders since the end of August, according to market research firm, EnergyTrend a part of Taiwan-based firm, TrendForce.
Although the market research firm did not say where the rush orders were coming from, Taiwanese suppliers sell primarily to Japanese and European firms, outside of Chinese PV manufacturers.
According to EnergyTrend, the fluctuation in demand and customer location is also causing price fluctuations and the market has become both bullish and bearish at the same time.
“We expect in the short run that changes in price will vary by market sub-sector and product,” said Arthur Hsu, a research manager at EnergyTrend.
Major Taiwanese cell producers have all reported lower revenues in recent months due to the US anti-dumping case.
The market research firm also noted that both wafer and prices were rising on strong demand in China. Multicrystalline wafers were said to have increased by 3% to 5% recently.
According to EnergyTrend, Chinese wafer producers have lowered their export volumes as the Chinese downstream market gears-up in the second half of the year to meet the 13GW government target. As a result of the lower export shipment volumes from China, EnergyTrend said Taiwan wafer producers have raised wafer prices.
However, solar cell prices were said to have only increased slightly to between US$0.33-0.34/watt, despite higher utilisation rates at Taiwan producers.