13.08.2013: China-based GCL-Poly Energy Holdings Ltd., the world’s largest polysilicon and wafer producer, announced that it expects to record an increase in its net loss for first half of 2013 due to a decline in the average selling prices (ASPs) of polysilicon and wafers. The company did not provide a specific figure, but for the first half of 2012, GCL posted a net loss of 330 million HKD ($42.5 million). The company expects to announce its full results for the first half of 2013 in late August. Regarding ASPs, the company said that prices bottomed out in December 2012 and have been moving upward ever since. This upward trend, the company said, is a result of a number of factors including the resolution of the EU-China solar trade dispute, government support policies and China’s antidumping and countervailing duty investigations into polysilicon imports from the US and Korea. GCL expects that these factors, alongside increasing demand for solar products, will ensure that polysilicon and wafer ASPs in China continue along a stable upward trend. © PHOTON |
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