The largest polysilicon and solar wafer producer GCL-Poly Energy Holdings has reported both its polysilicon and wafer operations were at full capacity in the third quarter of 2015.
GCL-Poly noted that polysilicon production in the first nine months of 2015, was approximately 55,771MT, a 12.5% in increase over the prior-year period when production topped 49,582MT.
Polysilicon production in the third quarter reached 19,003MT, up 10.2% from the third quarter if 2014.
The average selling pirce of polysilicon sold to third parties was US$16.3/kg in the first nine months of 2015, down from US$17.2/kg in the prior year period. Third-party sales totalled 4,653MT, up 28.7% compared with 3,614MT over the same period of last year.
GCL-Poly said that wafer production was 10,928MW, 14.0% higher than the first nine months of 2014, while third quarter production topped 3,826MW, up only 3.9% on capacity constraints of adding 1GW of extra production in 2014 to bring total capacity to 14GW.
Third-party wafer sales increased 11.1% (4,022MW) year-on-year for the quarter and 18% (9,396MW) over the nine month period.
Wafer ASPs in the first nine months of 2015 were US$0.189/W, down from US$0.195.W in the first six months of 2014.
GCL-Poly noted that its latest ‘Multi-Wafer S4’, high-efficiency multi-crystalline silicon wafer production could not keep up with demand at certain times in the year.