China’s largest polysilicon and solar wafer producer, GCL-Poly Energy, has said that continued high manufacturing utilisation rates at customer facilities meant its production supply could not meet with market demand.
The company reported polysilicon production volume for the first three quarters of 2013 had been approximately 35,531MT, representing an increase of approximately 8.1% compared with 32,864MT over the prior year period.
Production improved slightly in the third quarter, reaching approximately 13,550MT.
The company said it sold approximately 12,490 MT of polysilicon for external customer wafer production in the first three quarters of 2013, representing an increase of approximately 29.2% compared with 9,669 MT over the same period of last year.
However, external polysilicon sales in the third quarter were approximately 4,018MT, a 511.6% increase over sales in the third quarter of 2012, when production was being rapidly scaled down as overcapacity saw polysilicon prices dip to record low (US$15/kg) in the fourth quarter.
GCL-Poly said that polysilicon ASPs had remained flat through the year at US$17/kg.
Wafer production exceeds 2012 total
Wafer production, which is primarily undertaken close to individual customers' manufacturing operations, reached approximately 5,998MW in the first nine months of 2013, a 26.8% increase over the same period a year ago and already in excess of 2012 total production of approximately 5,622MW.
Wafer production in the third quarter reached approximately 2,546MW, representing an increase of approximately 50.7% compared with 1,689MW over the same period of last year.
GCL-Poly noted that it had sold approximately 6,363MW of wafers for the first three quarters of 2013, representing an increase of approximately 47.4% compared with 4,316 MW over the same period of last year.
Wafers sold in the third quarter reached approximately 2,505MW, while ASPs were US$0.21/W, up from US$0.20/W from the prior six months.