China Solar Wafer Prices Plunge Further as Producers Struggle

(Bloomberg) — Solar equipment prices extended declines despite efforts by manufacturers to pare output in the face of severe overcapacity that threatens bankruptcies and consolidation.

Costs for solar wafers fell as much as 7.7% in the past week, the China Silicon Industry Association said late on Thursday. Manufacturers are producing below cash costs, an unsustainable situation that will definitely lead to further production cuts, it said.