first silicon prices up, now wafer prices up = modules and panels heading up

LDK Solar expects to return to a profit this year

13.08.2013: Struggling Chinese solar manufacturer LDK Solar Co. Ltd. expects to return to a profit this year due to increased domestic demand and the removal of provisional antidumping duties on Chinese solar products imported into the EU. In an interview with Bloomberg, LDK President Tong Xingxue said that LDK, which has reported eight straight quarterly losses, started generating positive cash flows from selling wafers in June and that the company’s demand has exceeded supply. LDK’s wafer production is operating at almost full capacity of 4.5 GW from about 30% capacity at the beginning of the year; the company has kept almost no inventory for the last two quarters. Furthermore, Tong expects module prices to rise in the second half of 2013

 

 

Monty Bannerman

ArcStar Energy

646.402.5076

www.arcstarenergy.com