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Taiwan's solar cell prices forecast rise 7.7% in Q4

Taiwan's solar cell prices forecast rise 7.7% in Q4

The price of Taiwan-made solar cells is expected to grow 7.7 percent sequentially in the fourth quarter on the back of rising global demand, Taipei-based market information advisory firm TrendForce Corp. said Thursday.

In particular, demand from China and the United States is driving the uptrend, boosting the pricing power of Taiwanese solar cell companies, TrendForce said.

The increase in global demand is expected to boost the price of Taiwan-made solar cells in the fourth quarter, the advisory firm said.

So far this week, the average price of Taiwan-made multiple silicon solar cells on the spot market has risen 0.91 percent, and since beginning of this quarter it has climbed 5.7 percent, according to TrendForce.

With global demand expected to remain robust, the average price of Taiwan-made multiple silicon solar cells is like to rise further, attaining sequential growth of 7.7 for the whole of the fourth quarter, TrendForce forecast.

As for China, which has also benefited from strong global demand, the average price of its multiple silicon solar cells on the spot market has gained 0.63 percent so far this week, and has climbed 11.9 percent since the start of the fourth quarter, the advisory firm said.

It forecast a 12 percent sequential increase in the average price of China-made multiple silicon solar cells on the spot market for the whole of the fourth quarter.

In line with the rising solar cell prices, the average price of high efficiency multiple silicon wafers on the global market has risen 0.47 percent so far this week and 2.9 percent since the beginning of the quarter, and is expected to register a 4.1 increase for the full quarter, TrendForce said.

Under such favorable circumstances, Taiwan's solar sector is expected to rake in more revenue and bigger profits, the advisory firm said.

Neo Solar Power Corp. of Taiwan posted NT$2.41 billion (US$73.48 million) in consolidated sales for October, up 27.2 percent from a month earlier and the highest in 27 months. (By Jackson Chang and Frances Huang)


Updated : 2021-09-25 18:41 GMT+08:00