logo
  Join        Login             Stock Quote

Solar Polysilicon Prices Fall In Oct.; Shipments Down On Contract, Spot Markets

 November 19, 2012 01:13 PM
 


(By Balachander) Global demand and pricing in October for solar polysilicon dropped at the highest rate seen since February, pointing out that supply still exceeds demand, according to information and analytics company IHS Inc. (NYSE: IHS).

Spot market pricing for 9N solar polysilicon in October tumbled by more than 9 percent, while the contract segment fell around 1 percent, IHS reported.

Pricing for the 6N to 8N grade declined by 7 percent on the spot market, and the contract segment plunged by more than 8 percent, the firm added.

"Worldwide polysilicon demand declined last month, with a fall in shipments on both the contract and spot markets," said Glenn Gu, senior analyst, photovoltaics, at IHS. "Not only did overall shipment volumes in October fall by 14 percent from the month before, supply levels and inventories also decreased in October as second- and third-tier Chinese suppliers reduced production."

[Related -IHS Still Projects Double-Digit Growth In Photovoltaic (PV) Installations]

Still, Gu said, these manufacturing cuts weren't sufficient to bring supply in balance with demand.

The analyst expects pricing to decline further in November before a potential rebound commences in the December and January time frame.

Gu said suppliers are trimming production, inventories in the channel are continuing to be depleted and most industry players are expecting a rebound in demand in 2013.

"Because of this, spot market pricing for solar polysilicon will uptick slightly at the start of next year," the analyst said. Even so, spot prices will remain significantly lower than those on the contract market, causing solar polysilicon suppliers to continue to cut contract prices as they strive to catch up with the spot market.

[Related -IHS Inc. (IHS) To Acquire Carfax Owner R.L. Polk For $1.4B]

"Overall, this indicates that supply will remain in excess of demand, and that pricing will return to a state of decline later in 2013," the analyst said.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageIntegrated Device Technology Inc. (IDTI) Q1 Earnings Preview: Another Beat and Pop?

Integrated Device Technology Inc. (NASDAQ:IDTI) will issue first quarter 2015 financial results on July 28, read on...

article imageHerbalife Ltd. (NYSE:HLF) Q2 Earnings Preview: The Potential To Shock?

Herbalife Ltd. (NYSE:HLF) will release its second quarter 2014 financial results after the close of trading read on...

article imageHealth Net, Inc. (HNT): Potential to Be Huge Winners Says Bank of America

As of this keystroke, Health Net, Inc. (NYSE: HNT) shares are up around 4% on the day. The managed health read on...

article imageHomeAway, Inc. (AWAY) Q2 Earnings Preview: Top and Bottom Line Bullish Surprise?

HomeAway, Inc. (NASDAQ:AWAY) will report its financial results for the second quarter ended June 30, 2014 read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.