Major Chinese polysilicon producer Daqo New Energy saw both production and sales of polysilicon increase by around 50% in 2023 compared with 2022, whilst the dramatic drop in polysilicon prices slashed revenues from US$4.6 billion to US$2.3 billion over the same period.
Decreasing polysilicon average selling price (ASP) has reduced by a third China-based polysilicon manufacturer Daqo New Energy’s revenue in the third quarter of 2023.
Major polysilicon producer Daqo New Energy has increased its expected polysilicon production capacity by 100,000MT in Inner Mongolia and reach a total production of 305,000MT by the end of 2023.
A subsidiary of polysilicon producer Daqo New Energy has signed a five-year polysilicon supply agreement with an undisclosed solar manufacturing company in China.
Subsidiaries of Daqo New Energy have agreed large five-year polysilicon supply agreements with Chinese solar manufacturing companies, the most recent in a number of significant deals signed this year by the company.
Major polysilicon producer Daqo Clean Energy has reported strong financial results for Q3 2022 as the demand for its solar grade polysilicon remains strong and it continues to land large supply contracts.
