Major China-based polysilicon producer Daqo New Energy has forecasted to reach its highest production and sales levels in reporting fourth quarter and full year results.
China-based polysilicon producer, Daqo New Energy Corp has secured near-term polysilicon supply deals with SMSL (Solar Module Super League) member, JA Solar and an unidentified existing customer that means it is sold out until a new polysilicon plant is built and operational sometime in 2022.
Longgen Zhang, the chief executive of polysilicon provider Daqo New Energy, has resigned from the board of directors of leading solar module manufacturer JinkoSolar.
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.
