Soaring demand from China, Japan and the US ensures that the first-tier photovoltaic (PV) module manufacturers are booked in orders up to the first quarter of 2016. Currently, prices are rising for all multi-Si products from wafers to cells and modules, with wafers having the largest increase due to news of supply shortages. On the other hand, the mono-Si market has not benefited from the sharp rise in demand during this year's second half. According to Corrine Lin, analyst for EnergyTrend, while the global mono-Si wafer capacity is expected to exceed 14GW in 2015, demand in the mono-Si end market is projected to be under 10GW. Trades of mono-Si products have remained weak as supply outstrips demand.
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