Abstract The recovery of the photovoltaic industry is different in all parts of the industrial chain. Currently, integrated vertical PV manufacturers are the main beneficiaries. The second quarter of the four largest PV companies (Yingli, Sharp, Trina Solar, and Huihui Energy) showed that the W2 quarters of the four companies were compared to last year...
The recovery of the photovoltaic industry is different in all parts of the industrial chain. Currently, integrated vertical PV manufacturers are the main beneficiaries. The second quarter data of the four largest PV companies (Yingli, Sharp, Trina Solar, and Huihui Energy) showed that the W2 quarters of the four companies increased compared with last year. In addition to Sharp, the other three companies have a certain quarterly profit increase. Industry chain and manufacturer articles showing signs of PV recovery
Yingli and Trina Solar are still losing money, but the corresponding losses have fallen to -3.8% and -5.4% respectively. The most important thing is the price increase of c-Si PV modules. China's c-Si PV module prices fell to a low of $0.53/watt in 2013 and 1, but rebounded to €0.56/watt in June and July this year.
The increase in shipments has helped manufacturers increase profits, and this has also translated into higher capacity utilization, and some companies have even exceeded capacity utilization.
battery
With the shift to vertical production, many PV manufacturers produce their own battery cell wafers to produce photovoltaic modules. As the only large-scale solar cell manufacturer in China, the performance of JA Solar has improved in recent quarters, but this is due to the increase in PV modules sold by the company. The company, like Yingli and Trina Solar, has not yet invested in Yingli, but the Q2 loss has fallen to -2.1%.
Taiwan PV manufacturers seem to be better because Chinese manufacturers are buying duty-free solar cell production components from Taiwan to export to the US market.
Large silicon wafer manufacturers continue to suffer from low prices. The largest Saiwei company with the largest wafer shipments continues to suffer serious losses. The analysis believes that the only way to avoid bankruptcy is to seek bank loan support.
Other manufacturers have moved away from the polysilicon business in recent years, including REC and ASA. The two companies sold polysilicon production lines in Norway in 2011 and 2012, and switched to vertically integrated production in Singapore.
Polysilicon prices continue to slump
Polysilicon manufacturers are still suffering from low prices, and many industry leaders WackerChemie, Hemlock, and REC have maintained high profitability.
Polysilicon prices rebounded moderately in the first half of this year. However, the main market demand is in China. China’s high tariffs on US companies Hemlock and REC have put the two companies at a disadvantage in the market. And considering the overcapacity in the polycrystalline market. China's polysilicon prices are unlikely to rise sharply in 2013.
It should be pointed out that China has been struggling to compete with polysilicon produced in the West in the past, but LDK, Daqo and ReneSola have recently completed the upgrade of hydrochlorination.
Because OCI's tariff rate is very low, because the company is in a good position, it can benefit from these markets. And the company's overall profit increased in Q2 in 2013 after two consecutive years of decline.
Photovoltaic manufacturing equipment
The field of manufacturing equipment is still very sluggish. Industry data for the second quarter has not yet been released, but order shipments are below cost for eight consecutive months. The order volume fell to $174 million.
MeyerBurger's orders have increased. AppliedMaterial's PV equipment revenues remain at a very low level. The company's order-to-bill ratio is still very low. Centrotherm's second-quarter data is still not released, but there are reports that the company canceled a $380 million contract with Algeria.
The days of polysilicon equipment manufacturers seem to be better, especially those that sell in the Asian market, as Asia needs to be updated. The chlorination upgrade of Chinese PV manufacturers has caused GT Advanced Technologies' revenue to recover.
IHS said that investment in the photovoltaic manufacturing sector will increase by 30% in 2014, and Bloomberg analysts agree. But Solarbuzz believes that Tier 1 manufacturers will not increase capacity, but will take advantage of the capacity utilization of small competitors. This is a strategy that draws on the semiconductor industry.
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