Nuying Huang, Taipei; Adam Hwang, DIGITIMES [Tuesday 16 December 2008]
Many second-tier and small makers of crystalline silicon solar cells in China, in order to clear high inventory levels for cash revenues, waged a fierce price war on the spot market in November, and some of them may do so again to further reduce inventories before the off-season period following Christmas and New Year, according to industry sources in Taiwan.
Spot prices of solar cells dropped to US$2.4-3.0/watt in November 2008 due to the price war, and have now fallen further to US$2.2-3.0/watt, the sources pointed out. Because current spot prices are almost at bottom levels, they are unlikely to slip much even if China-based makers kick off another wave of pricing competition, the sources analyzed.
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