China’s PV market remains uncertain as the installation rush in the country comes to the end and the government has not released any detailed plans on domestic PV targets and related subsidies. Therefore, PV manufacturers in China and Taiwan will see sharp drops in incoming orders in late June. Going into the third quarter, there will be no policy pressure to generate installation rushes in major markets such as China, the U.S. and Europe, noted Corrin Lin, assistant research manager of EnergyTrend, a division of TrendForce. Power plant companies also expect further decline in module prices, so their demand during this period will be fairly cool. With the off season approaching in the third quarter, manufacturers that have expanded their capacities earlier this year will be under a lot of pressure to cut prices.
LEDinside, a division of TrendForce, reports that the global average sales price (ASP) of 40-watt equivalent LED light bulb stood at US$9.6 in May, translating to a monthly drop of 1.6%. The global ASP of 60-watt equivalent LED light bulbs in same month also fell 1.4% compared with April to US$12.9.