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Can someone explain to me what ASP erosion is in financial terms?

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Can someone explain to me what ASP erosion is in financial terms?

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ASP = Average Selling Price ASP erosion = decline in selling price due to diminishing demand or increasing supply (in the case of polysilicon). The biggest polysilicon producers are Hemlock, Wacker, REC, Tokuyama, MEMC, Mitsubishi and Sumitomo. As the exact price depends on quality, size, and quantity required you should ask them for price offers.

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