18 replies to this topic

[explo]

Cash strapped giant?

GCL-Poly raise US$98 million through private note issue

http://www.pv-tech.o...ivate_placement

For GCL this is like LDK's penny scrambling to handle billions of debt load.

[Scsnospam]

http://blogs.barrons...od=yahoobarrons

The article does not elaborate on what exactly is the problem. In any case, I don't see any reaction at all to this.

[explo]

http://online.wsj.co...2714464638.html

[JulyWebb]

EU make concessions on Chinese Solar Panels, Talks in Negotiations http://en.europeonli...led_289867.html

[odyd]

Judy this is extremely valuable find. Thank you. "Not all companies will be part o the agreement" is a critical factor for all investors. Is it save to assume that watching export data, one can get clues? I am sure. Direction is probably already announced to companies. Hate to learn this from the news release.

[JulyWebb]

Here's another one. i believe this to be from the Wall Street Journal,
http://blogs.barrons...od=yahoobarrons

[pg6solar]

"Not all companies will be part o the agreement"

This is not only expected, but I must say that one must be quit naive to expect anything otherwise. EU pie as proposed is too small for all CN, fact that "chosen" ones will be preferred was never in doubt. Exact order list and allocation is the only unknown.

[Xeloris]

I guess we won't know what's going on until 8/6.. I seriously doubt any agreement will be made before then. I wouldn't be surprised if they keep the tariffs as they are and wait until the vote in december.

[JulyWebb]

Odyd I don't know, I know some limited their exposure to EU such as JA until they had a clearer picture. JA committed itself to higher ASP market in Japan and having positive GM in the 1'st Qtr. Positive GM & profit is what JA is committed to. Others limited their exposure to EU & they could they had increased sales in other markets. I would think this statement, "Not all Chinese companies will tarke part in any agreement that is found" could reflect the China Zombie Solar Companies. I sure hope so.

As far as Yingli a while back Journalists reported that the Company seemed to be positive or more at ease about the tariff dispute.

Quote from the Article "Not all Chinese companies will take part in any agreement that is found", with some set to "work with the duties," according to the sources. They warned that Europe needs the Chinese solar exports.

"European capacity is not enough," they said.

The goal is for participating Chinese companies to have an EU market share of about 60 per cent for solar panels. China currently has a market share of about 80 per cent. dpa cb amh ar Authors: Christian Boehmer, Alexandra Mayer-Hohdahl

[Scsnospam]

"But now about five cents appear to be separating the Europeans and the Chinese.". Does this mean Chinese offer is E0.45 or 0.585USD? What does that mean for margins?

[JulyWebb]

What a Laugh
Here's what I meant "Not all Chinese Companies will take part in any agreement that is found" with some set to "work with the duties" should mean China Zombie Solar Companies work with the duties.

[odyd]

Yes, it natural to expect that small, OEM type companies with limited brand will not be allowed to take part.
I think that our bunch will be included. That means they will get busier. still good chunk of the volume belongs to "Others".

[outsmart]

€.56 - €.58

[luckygoose]

http://www.digitimes...30712PD200.html

Main Taiwan solar cell makers run at 80-100% of capacity in 2Q13

[uchsteve]

http://www.pv-tech.o...s_left_standing

[Uncle Chang]

€.56 - €.58

They'll try to buy more time, even the government says that they haven't concluded with the Anti-dump probe on EU yet after passing July 4th deadline. EU came down from €.70 to €.60, that's 15%, if the Chinese goes up from €.50 to €.57.5 that's also 15%, and I don't think the requests for deal to end in December 2014 "appear to be difficult to implement" as reported. They just have to come up with mechanism to allow adjustments if the Global demand goes up too much too fast, nobody can really predict what's going to happen after 2014.
The "separate EU case into whether China has been unfairly subsidizing solar panel producers" must be ended, nobody wants to fight another war, I think that's reasonable, I think the report from Brussels is also bias?

[eysteinh]

"EU ProSun, the European solar manufacturer initiative that filed the antidumping complaint that led to the introduction of duties on PV products imported from China into the EU in early June, said that it will appeal to the European Court of Justice if the European Union and China will confirm that they reached a compromise on the solar trade dispute, as reported by several media articles."

http://www.photon.in...photon?id=78535

Not sure I can symphatize with prosun here.

Major point I get from this:
EU and China must be really close to a deal if Prosun goes out in media and threaten to file courtcase.