daqo new energy

Trina Solar has signed another upstream manufacturing supply agreement, penning a long-term high purity polysilicon supply deal with Daqo New Energy.

Major polysilicon producer Daqo New Energy has been forced to revise down guided polysilicon sales volumes in the third quarter of 2020, due to customers postponing purchasing orders as market prices hit US$12.5/kg.

Polysilicon manufacturer Daqo New Energy has submitted new documents regarding a potential initial public offering (IPO) to the Shanghai Stock Exchange, detailing how proceeds will be spent on new facilities.

Major polysilicon producer Daqo New Energy expects polysilicon demand to outstrip supply for at least the next 18 months, due to the lack of new polysilicon capacity and strong demand as a growing number of ‘Solar Module Super League’ (SMSL) members continue to add in-house monocrystalline ingot and wafer production.

China-based high-purity polysilicon producer Daqo New Energy has reported that in the first quarter of 2020, the average total production cost of polysilicon was reduced to US$5.86/kg, down from US$6.38/kg in the previous quarter, a new industry record.

Major China-based polysilicon producer takes average production cost of primarily monocrystalline-grade polysilicon to industry record low of US$6.38/kg in Q4 2019, while guiding lower costs of around US$6.10/kg for Q1 2020.

Leading ‘Solar Module Super League’ (SMSL) member, JinkoSolar has sourced a further two-year supply of high-purity polysilicon from Daqo New Energy to meet its material requirements under current in-house mono-wafer capacity expansions.

China-based polysilicon producer Daqo New Energy Corp has been impacted by weaker than expected financial results for the second quarter of 2019, due to the lack of demand in China and record low polysilicon prices.

China-based polysilicon producer Daqo New Energy is upgrading CVD chambers and debottlenecking to enable mono-grade polysilicon production to account for approximately 80% of capacity, due to strong demand and higher ASPs, compared multi-grade polysilicon.

‘Solar Module Super League’ (SMSL) leader JinkoSolar has signed a new 10,350MT high-purity polysilicon supply deal with Daqo New Energy for 2019.