Rally in solar shares to continue: experts
The China Post news staffTAIPEI, Taiwan -- A recent rally in solar energy shares is expected to continue on rush orders placed by Chinese manufacturers, experts said yesterday.
January 8, 2013, 12:13 am TWN
According to them, the upward trend may last till the end of February, when European Union investigations into suspected anti-dumping practices by Chinese manufacturers draw to a close.
The EU is expected to end their probes in March, raising concerns among Chinese manufacturers that they will be subject to hefty anti-dumping duties at that time, experts said.
Such concerns have prompted Chinese photovoltaic (PV) module manufacturers to increase shipments to Europe before the March investigation deadline. The resulting rush orders are expected to benefit Taiwan manufacturers of PV products, especially makers of PV cells, experts said.
“If the EU discloses its findings in March, then the rush orders will last till the end of February,” experts said.
Solar shares gave strong performances yesterday. Among PV stocks that closed at their 7-percent daily limits were Motech, Neo Solar and Sino-America Silicon Products, which closed at, respectively, NT$33.25, NT$21.85 and NT$40.7.
Separately, experts said Taiwan PV cell makers are unlikely to raise prices, as the oversupply situation in the market has not improved.
They made the remarks on market speculation PV cell manufacturers may lower prices to reflect an increase in the cost of mono- and multi-crystalline silicon.
Chinese suppliers of mono- and multi-crystalline silicon have raised prices due to strong demand and punitive commodity duties that they have to pay to the Chinese government.