China has announced plans to raise spot quotes for solar wafers and cells. According to Digitimes, an increase in polycrystalline silicon (poly-si) spot quotes from $55/kg to $60/kg in June 2009 prompted the decision.

China-based suppliers of 6-inch poly-Si solar wafers and solar cells plan to raise their spot quotes by 3-5% and 1-2% respectively in July 2009, according to industry sources in Taiwan.

These industry sources have also reported an average spot price of $1.5/watt for poly-Si solar cells, while six-inch poly-Si wafers from China-based makers stand at $3.5 per wafer on the spot market.