China’s largest polysilicon producer, GCL-Poly said that both polysilicon and wafer average selling prices (ASPs) had stabilised in the first quarter of 2013 as demand picked-up.

The company noted that it expected both the demand and selling prices of polysilicon and wafer to remain stable in the second quarter.

GCL-Poly reported first quarter 2013 polysilicon production levels of approximately 8,653MT, a 29.2% decline from the same period a year ago. Polysilicon sales were 3,702MT a 21.7% increase over the prior year period. Polysilicon ASP in the quarter was US$16.62/kg, down from US$25.98/kg in the same period a year ago.

The company reported wafer production of approximately 1,231MW, a 5.8% increase over the first quarter of 2012. Wafers sold were higher than wafers produced at 1,482 MW, an increase of approximately 20.1%, compared to the prior year period. ASP of sold wafers was US$0.21/W, compared to US$0.28/W a year ago.