polysilicon supply

TOYO SOLAR, a solar cell subsidiary of Tokyo-headquartered solar manufacturer VSUN SOLAR, has signed a long-term polysilicon supply agreement with South Korean-owned polysilicon producer OCI.

US solar manufacturer CubicPV has signed a long-term supply agreement with South Korean-owned polysilicon producer OCIM to support its planned solar wafer manufacturing facility.

“Cut-throat” competition in the polysilicon production industry in 2024 could push many Chinese producers out of business, according to analysis from industry research firm Bernreuter Research.

Polysilicon material prices have experienced a further decline recently, with the price of mono popcorn reaching a new low of RMB60/kg (US$8.3/kg).

PV module prices are set to fall considerably in the next five years, though US market prices will remain higher than the rest of the world as its import policies and ongoing competition with China add a market premium.

Chinese imports of polysilicon dropped 23% year-on-year to 88,093MT in 2022, according to polysilicon research firm Bernreuter Research.

German chemical group Wacker Chemie posted new sales and earnings records in 2022 as the polysilicon division benefited from strong demand and higher prices.

Subsidiaries of polysilicon producer Daqo New Energy have signed two polysilicon supply agreements with LONGi and an undisclosed Chinese manufacturer.

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.