Solar value chain jitters continue as polysilicon price reaches new high, wafer prices climb further

Facebook
Twitter
LinkedIn
Reddit
Email
LONGi raised its solar wafer prices by around 6% this week. Image: LONGi.

The solar industry supply chain’s jitters continued this week after polysilicon prices hit another high, driving silicon wafer prices further upward too.

This week’s polysilicon pricing update recorded prices of up to RMB280/kg (inclusive of China’s 13% sales tax, equivalent to around US$37/kg excluding that tax), with an average price of around RMB276/kg (US$36.49/kg excluding China’s sales tax).

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Prices jumped by around 2.6% on last week’s price, which itself marked the first time prices rose above last year’s high of RMB269/kg and amounted to an 11-year high.

Polysilicon prices have risen throughout the year but have jumped sharply in recent weeks on the back of sustained demand and panic buying from wafer manufacturers. Supply shortages have been further exacerbated by a fire at an East Hope-owned facility in Xinjiang which is set to reduce its output for around one month.

The impact of the fire has been limited as the facility was due to begin maintenance works, with other polysilicon production facilities in the country also expected to begin maintenance works despite the high industry demand.

As PV Tech Premium’s PV Price Watch feature noted earlier this week, continually high polysilicon prices – coupled with a bottleneck at the ingoting stage – have ricocheted down solar’s value chain, driving up solar wafer and module prices in recent weeks.

Earlier today LONGi confirmed another increase in its wafer prices, prices rising by around 6% to the highest they’ve been in recent years.

Solar prices are expected to remain high until the end of this year when a slate of new polysilicon production capacity is expected to come online, bolstering supply.

26 November 2024
Málaga, Spain
Understanding PV module supply to the European market in 2025. PV ModuleTech Europe 2024 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.
11 March 2025
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

Subscribe to Newsletter

Upcoming Events

Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia
Solar Media Events
May 21, 2024
Napa, USA