As markets opened for the day across The Pond, there was little doubt over whom U.S. traders think are the biggest winners from the EU-China solar panel agreement.
Yingli Green Energy (5.24 per cent), Hanwha SolarOne (5.78 per cent) and Renesola (5.81 per cent) with embattled manufacturer Suntech Power topping the pile of risers among Chinese manufacturers as its shares soared 6.38 per cent, albeit up to only US$1.5 per share after this year's much-publicized travails.
With Brussels negotiators having reportedly settled for a minimum Chinese panel price of 0.56/W (US$0.74/W) and an annual volume cap of around 7 GW although neither detail has been confirmed U.S. traders clearly believe the final settlement is nearer to the demands of the big Chinese manufacturers than those of the European Commission's team.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.