China's solar installations predicted to have surged in June

10-12GW of installations are expected.

Media has reported that installations are expected to have surged in June, with demand for photovoltaic (PV) goods seeing a pickup in May, according to UOB Kay Hian.

The surge in demand for PV goods is expected to be offset by the decline in ASP, with polysilicon and wafer prices down 3-12% ytd.

Overall, earnings will likely be evenly balanced between 1H and 2H, with a slight skew to 2H as rush installations result in spillover demand.

Here's more from UOB Kay Hian:

According to PV EnergyTrends, installations were expected to surge in June, with 10-12GW of installations expected. This represents a surge in installations as compared to 1Q17, which saw 7.21GW (+1% yoy) of installations.

Preliminary reports indicate only 3.87GW installed in April-May, so the surge in June will likely have induced a corresponding demand surge for PV goods in the months leading up to it. This is corroborated by a report from Economic Information Daily: based on interviews with industry players, a surge in demand for PV goods was seen in May which also saw a corresponding spike in prices.

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