Low Demand Continues to Hit The Global Solar Market

Low demand continues to hit the global solar market. As price drops continue, some solar firms have been reportedly trying to sell their in-house equipment. However, demand for the equipment is low. Oversupply continues to cast a cloud over the solar market. Many firms have been forced to sell solar products and materials with low prices to maintain cash flows. As the fourth quarter is the traditional low season and lowly-priced solar products have failed to stimulate demand, most firms have been unable to operate at full capacity, leaving little room for used equipment in the market. During previous boom times, many firms in Greater China were keen to add new equipment for capacity expansion. But after the market started taking a downturn, the new equipment has been left idle and become a burden. Source: www.digitimes.com