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Module Bounce Back in Q4 2019?
It has been confirmed that a 25% Safeguard tariff will be assessed to modules imported from China effective immediately.
The result is that India will become the 3rd market requires non-Chinese manufacturing. Now non-Chinese production will have to support the US, Europe, and India. This will be very difficult since current South East Asia non-Chinese capacity is around 15 GW per year, but the total demand from the US, Europe and India is likely to be over 40 GW.
I’m not sure what to expect in the US, but all signs point to a product shortage and increasing prices for the remainder of 2018 and into 2019 until additional capacity can be brought on or something else changes that mitigates the MIP in Europe, 201 tariffs in the US and now the safeguard tariff in India.
Any information or insight you might have is appreciated.