JinkoSolar price rise shines a light on supply chain inflation

China 2799 Earnings 610 Energy - Renewables 154 Malaysia 113 Quote Watch 379 Tariffs 1728 U.S. 5005

JinkoSolar has reported a “mismatch between supply and demand” of solar power modules, linked in part to the pandemic and in part due to U.S. tariffs on imports. U.S. seaborne imports associated with JinkoSolar nonetheless increased by 19.7% year over year in Q4’20, accelerating to an 80.7% rise in Q1’21. The firm has also faced rising costs of “bulk commodities, higher production costs (which) were passed down the industrial value chain, which resulted in significant price increases in modules” though “the short term price rise will have relatively limited impact on demand”. Aside from ...

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