Daqo’s solar wafer sales set to sink 70% in Q3 as China caps bite

Facebook
Twitter
LinkedIn
Reddit
Email
Daqo guided third quarter 2018 multicrystalline wafers sales volume to only reach between 7 million pieces to 8 million pieces, a 70% decline, year-on-year.

China-based polysilicon and wafer producer Daqo New Energy has guided wafer sales volume down 70%, year-on-year as the caps on utility-scale and Distributed Generation (DG) solar projects in China at the end of May start impacting quarterly business results for many companies dependent on the China solar market.

PV Tech had previously highlighted that Daqo’s multicrystalline wafer sales volume had been slashed by as much as 50% for the second quarter of 2018, due to the impact on the caps in the last month of the second quarter. 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Daqo had revised its wafer sales volume guidance to approximately 9.5 million to 10.0 million pieces, down from previous guidance of 15.0 million to 20.0 million pieces. In releasing second quarter financial results, wafer sales volume was reported to be 9.8 million pieces, near the high-end of revised guidance.

However, Daqo guided third quarter 2018 multicrystalline wafers sales volume to only reach between 7 million pieces to 8 million pieces, a 70% decline, year-on-year.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

September 9, 2025
China has advanced in the integration of AI and new energy, covering areas such as power forecasting, electricity markets, and O&M.
September 4, 2025
The Czech national cybersecurity agency has warned that Chinese solar inverters represent a threat to the country’s data security.
September 4, 2025
US polysilicon company Highland Materials has aimed to begin construction at its polysilicon plant in the second half of 2026.
Premium
September 4, 2025
PV Talk: Highland Materials' CEO Richard Rast explains how the company aims to compete in the polysilicon landscape through US innovation.
September 3, 2025
Huasun claims it has set new record efficiencies for HJT-perovskite tandem solar cells at both laboratory and commercial scales.
September 3, 2025
LONGi, Jinko Solar, Trina Solar and JA Solar posted combined net losses of nearly RMB11 billion (US$1.54 billion) in H1 2025.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines