European market is sluggish, China's PV companies export volume prices drop

Abstract After a fiery 2010, it had been considered equity markets powered photovoltaic sector failed to play its due role, as of November 30 closing, WIND information solar power index by the January 2011 4 1280 at the opening of the day...

After experiencing a hot summer in 2010, the photovoltaic sector, which was originally regarded as the new driving force of the stock market, failed to play its due role. As of the close of November 30, the WIND information solar power generation index has been completed by January 4, 2011. At the opening, the 1280.06 points all fell to 942.7 points, a drop of 26.36%.

In April this year, Solarbuzz, a world-renowned solar energy research institute, predicted in its 2011 PV market report that the ex-factory price of PV modules will fall by 37%-50% from the 2010 level in the next five years. Shortly thereafter, such pessimistic expectations were fulfilled by the falling gross profit margin of the photovoltaic sector in the 2011 semi-annual report and the third quarterly report.

Just as people are about to start in the emerging markets of China and the United States, and hope for the 2012 report of the photovoltaic industry, near the end of the year, the launch of the US "double-reverse" investigation has given the already scarred industry a heavy punch. Not only that, but Europe is also the source of the world's largest PV installation country, the German government may cut the solar subsidy measures by as much as 15% in January next year, 6% more than previously planned... ...

"Tracing the source, the decline of China's PV industry in 2011 has its own development cycle and the market is over-reliant on external demand, but there are also occasions that have been implicated in emergencies. Among them, the invisible killer, especially the European debt crisis, is the most cruel. "Xia Qingwen, chief analyst of Founder Securities in Beijing, told the "Securities Daily" reporter.

European market is sluggish and China's photovoltaic industry is plunging

“Based on strategic adjustments, Yingli’s shipments in Europe have been reduced from 82% in 2010 to 64%. Although we have not yet made a forecast for the European market in 2012, we are more optimistic about the domestic market. The ratio is further increased. Wang Zhixin, head of the publicity department of Yingli Green Energy Holdings Co., Ltd., told the "Securities Daily" reporter that "the impact of the European debt crisis on the photovoltaic industry is indirectly through multiple channels such as market and exchange rate."

Taking Yingli's 2011 third quarterly report as an example, the company's comprehensive gross profit margin was 10.8% during the period, compared with 22.1% in the second quarter of 2011 and 33.3% in the third quarter of 2010. It should be noted that even with such a set of data, the price of silicon materials, auxiliary materials and non-silicon costs have decreased, the total cost of components has decreased, and the strategy of Yingli timely adjustment has been alleviated. In 2011, not only Yingli, the gross profit margin of the entire photovoltaic industry fell year-on-year, which worried the market.

Wang Zhixin told the "Securities Daily" reporter: "In the first three months of this year, the average export price of China's photovoltaic industry was 1.7 US dollars / watt, and this figure has suddenly dropped to 1 US dollar / watt."

“In the past few years, the scale of PV installations in Europe has been maintaining a high level of growth. Due to the cyclical decline, and the European debt crisis, European governments have had to tighten the financial impact. The PV market is shrinking rapidly. This is especially true for the PV industry. More than 80% of the products exported depend on the Chinese PV industry in the European market, the blow is fatal." A brokerage analyst told the "Securities Daily" reporter.

In fact, this year, European countries have cut PV subsidies. In 2010, Germany and Italy, the top two PV installers, experienced a sharp decline in installed capacity in the first half of 2011 due to changes in subsidy policies. The European market, which accounts for more than 70% of the world's PV installations, has suddenly stagnated, directly impacting the global PV market.

In May of this year, Italy approved the new solar photovoltaic power generation subsidy bill, which is intended to limit the annual subsidies for solar power generation subsidies to 6 billion to 7 billion euros, and the subsidies will be linked to the installed capacity.

In February of this year, Germany passed the PV on-grid price reduction program, and the reduction in the on-grid tariff was determined according to the installed capacity. Only when the installed capacity is less than 3.5GW, the PV on-grid price will not be lowered. Otherwise, for every 1GW increase in installed capacity, the PV subsidy reduction will increase by 3%.

In the first five months of this year, the installation of photovoltaics in Europe was almost in a state of stagnation. After the dust subsidy policy was settled in June, the installed capacity in the European market rebounded slightly, but recently there was bad news. The German government may be the fastest next year. The monthly subsidy for the solar subsidy policy was as high as 15%, which was 6% more than the previous plan.

Exchange rate damage stabbed another knives

In addition to the downturn in the European market, Yingli’s financial report still has another trace of the European debt crisis.

The company's 2011 third quarter report showed that the company's exchange loss during the period was 150 million yuan ($24 million), the exchange income in the second quarter of 2011 was 35.5 million yuan, and the exchange earnings in the third quarter of 2010 were 52.3 million yuan. In this regard, Yingli specifically pointed out in his three quarterly reports that the main reason for the exchange loss was the depreciation of the euro and the US dollar against the RMB.

Just as the European market has hit China's PV industry, the negative impact of the exchange rate on China's PV industry is also far-reaching. Not long ago, China’s photovoltaic industry held a response to the US “double-reverse” press conference. Yan Xiaoying, chairman and CEO of Artes Solar Power Technology Co., Ltd., said frankly, “Chinese PV companies need to pay 6-7 for bank loans. % market interest rate, while considering the appreciation of the renminbi, this market interest rate is almost 10%, which is much higher than the US bank interest rate."

Xia Qingwen told the "Securities Daily" reporter that "the current European debt crisis has little direct impact on China. In comparison, the bigger one is the impact on my foreign demand and even the real economy. The impact of the European debt crisis on the photovoltaic industry, and China's other export-oriented industries are exactly the same."

The data shows that since the second quarter of 2010, China's trade growth rate with the EU has entered a downward channel. In August 2011, China's export growth rate to the EU was flat year-on-year, only -2.6% from the previous month, lower than the 5% average since 2000. In the first eight months, China’s exports to the EU increased by 18.5% year-on-year, lower than the average growth rate of 23.9% since 2000.  

After experiencing a hot summer in 2010, the photovoltaic sector, which was originally regarded as the new driving force of the stock market, failed to play its due role. As of the close of November 30, the WIND information solar power generation index has been completed by January 4, 2011. At the opening, the 1280.06 points all fell to 942.7 points, a drop of 26.36%.

In April this year, Solarbuzz, a world-renowned solar energy research institute, predicted in its 2011 PV market report that the ex-factory price of PV modules will fall by 37%-50% from the 2010 level in the next five years. Shortly thereafter, such pessimistic expectations were fulfilled by the falling gross profit margin of the photovoltaic sector in the 2011 semi-annual report and the third quarterly report.

Just as people are about to start in the emerging markets of China and the United States, and hope for the 2012 report of the photovoltaic industry, near the end of the year, the launch of the US "double-reverse" investigation has given the already scarred industry a heavy punch. Not only that, but Europe is also the source of the world's largest PV installation country, the German government may cut the solar subsidy measures by as much as 15% in January next year, 6% more than previously planned... ...

"Tracing the source, the decline of China's PV industry in 2011 has its own development cycle and the market is over-reliant on external demand, but there are also occasions that have been implicated in emergencies. Among them, the invisible killer, especially the European debt crisis, is the most cruel. "Xia Qingwen, chief analyst of Founder Securities in Beijing, told the "Securities Daily" reporter.

European market is sluggish and China's photovoltaic industry is plunging

“Based on strategic adjustments, Yingli’s shipments in Europe have been reduced from 82% in 2010 to 64%. Although we have not yet made a forecast for the European market in 2012, we are more optimistic about the domestic market. The ratio is further increased. Wang Zhixin, head of the publicity department of Yingli Green Energy Holdings Co., Ltd., told the "Securities Daily" reporter that "the impact of the European debt crisis on the photovoltaic industry is indirectly through multiple channels such as market and exchange rate."

Taking Yingli's 2011 third quarterly report as an example, the company's comprehensive gross profit margin was 10.8% during the period, compared with 22.1% in the second quarter of 2011 and 33.3% in the third quarter of 2010. It should be noted that even with such a set of data, the price of silicon materials, auxiliary materials and non-silicon costs have decreased, the total cost of components has decreased, and the strategy of Yingli timely adjustment has been alleviated. In 2011, not only Yingli, the gross profit margin of the entire photovoltaic industry fell year-on-year, which worried the market.

Wang Zhixin told the "Securities Daily" reporter: "In the first three months of this year, the average export price of China's photovoltaic industry was 1.7 US dollars / watt, and this figure has suddenly dropped to 1 US dollar / watt."

“In the past few years, the scale of PV installations in Europe has been maintaining a high level of growth. Due to the cyclical decline, and the European debt crisis, European governments have had to tighten the financial impact. The PV market is shrinking rapidly. This is especially true for the PV industry. More than 80% of the products exported depend on the Chinese PV industry in the European market, the blow is fatal." A brokerage analyst told the "Securities Daily" reporter.

In fact, this year, European countries have cut PV subsidies. In 2010, Germany and Italy, the top two PV installers, experienced a sharp decline in installed capacity in the first half of 2011 due to changes in subsidy policies. The European market, which accounts for more than 70% of the world's PV installations, has suddenly stagnated, directly impacting the global PV market.

In May of this year, Italy approved the new solar photovoltaic power generation subsidy bill, which is intended to limit the annual subsidies for solar power generation subsidies to 6 billion to 7 billion euros, and the subsidies will be linked to the installed capacity.

In February of this year, Germany passed the PV on-grid price reduction program, and the reduction in the on-grid tariff was determined according to the installed capacity. Only when the installed capacity is less than 3.5GW, the PV on-grid price will not be lowered. Otherwise, for every 1GW increase in installed capacity, the PV subsidy reduction will increase by 3%.

In the first five months of this year, the installation of photovoltaics in Europe was almost in a state of stagnation. After the dust subsidy policy was settled in June, the installed capacity in the European market rebounded slightly, but recently there was bad news. The German government may be the fastest next year. The monthly subsidy for the solar subsidy policy was as high as 15%, which was 6% more than the previous plan.

Exchange rate damage stabbed another knives

In addition to the downturn in the European market, Yingli’s financial report still has another trace of the European debt crisis.

The company's 2011 third quarter report showed that the company's exchange loss during the period was 150 million yuan ($24 million), the exchange income in the second quarter of 2011 was 35.5 million yuan, and the exchange earnings in the third quarter of 2010 were 52.3 million yuan. In this regard, Yingli specifically pointed out in his three quarterly reports that the main reason for the exchange loss was the depreciation of the euro and the US dollar against the RMB.

Just as the European market has hit China's PV industry, the negative impact of the exchange rate on China's PV industry is also far-reaching. Not long ago, China’s photovoltaic industry held a response to the US “double-reverse” press conference. Yan Xiaoying, chairman and CEO of Artes Solar Power Technology Co., Ltd., said frankly, “Chinese PV companies need to pay 6-7 for bank loans. % market interest rate, while considering the appreciation of the renminbi, this market interest rate is almost 10%, which is much higher than the US bank interest rate."

Xia Qingwen told the "Securities Daily" reporter that "the current European debt crisis has little direct impact on China. In comparison, the bigger one is the impact on my foreign demand and even the real economy. The impact of the European debt crisis on the photovoltaic industry, and China's other export-oriented industries are exactly the same."

The data shows that since the second quarter of 2010, China's trade growth rate with the EU has entered a downward channel. In August 2011, China’s export growth rate to the EU was flat year-on-year, only -2.6% from the previous month, lower than the 5% average since 2000. In the first eight months, China’s exports to the EU increased by 18.5% year-on-year, lower than the average growth rate of 23.9% since 2000.  

XB450

Description:Compressed   is high quality materials,it made by good asbestos fiber with synthetic rubber ,mixture and compression molding it.

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TEMP:450℃(max) 

PRESS:6.0MPa(max) 


Dimension:
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Aging coefficient                           ≥       0.9 

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Compression ratio/%                       7~17 

Recovery/%                                 ≥       45 

Creep relaxation rate/%              ≤       50 

Density(g/cm3)                           1.6~2.0 

  

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XB450 Compressed Asbestos Rubber Sheet

 

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