PV stock clearance is nearly ending. Industry demands continued to increase in April and May this year, but orders for June 2014 remain uncertain. Thus, the spot market is still observing supply and demand changes in 2Q14. Meanwhile, a previous wave of marked down prices and unclear policies in certain markets has led to a beneficial supply and demand situation for buyers. Slower than anticipated stock clearance rates and wafer manufacturers’ high utilization rates led to large price fluctuations within the multi-si wafer market.