Major polysilicon producer Wacker Chemie has reported its polysilicon division was heavily impacted by the slump in demand due to China’s ‘531 New Deal’ as a reason for the sharp decline in revenue and profitability which declined significantly in 2018.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holdings has announced that its new Xinjiang polysilicon production plant’s annual nameplate capacity will be increased to 60,000MT, up from the revised plans mid-year to increase the capacity from 40,000MT to 50,000MT.
Major polysilicon producer Wacker Chemie has reported a significant decline in the fortunes of its polysilicon business segment in the third quarter of 2018.
The Chinese government’s decision (531 New Deal) to curtail utility-scale and distributed generation (DG) PV deployments just after the SNEC trade show at the end of May, not only surprised the industry but has since fuelled a significant ASP decline of modules and inverters.
China-based polysilicon producer Daqo New Energy Corp said that its polysilicon production costs were targeted to reach US$6.80 per kilogram in 2020, once the capacity expansion to 70,000MT per annum had been completed.
China-based polysilicon and multicrystalline wafer producer Daqo New Energy has said it would discontinue its solar wafer manufacturing operations in September, 2018.
Much has been written and voiced over the past couple of months in the PV industry, following the so-called China-531 policy announcement that finally provided a wake-up call to Chinese manufacturers that their domestic end-market was not going to be allowed to maintain its near-exponential growth characteristics.
China-based polysilicon and wafer producer Daqo New Energy has guided wafer sales volume down 70%, year-on-year as the caps on utility-scale and Distributed Generation (DG) solar projects in China at the end of May start impacting quarterly business results for many companies dependent on the China solar market.
Leading integrated high-efficiency monocrystalline module manufacturer and ‘Silicon Module Super League’ (SMSL) member LONGi Green Energy Technology has entered into another major polysilicon supply deal, adding TBEA subsidiary, Xinte Energy Co to its supplier base in a new three-year purchasing agreement.
Chemicals firm Wacker Chemie has painted a rosier picture of polysilicon supply and demand in 2018 than most when reporting a small second quarter decline in polysilicon revenue.
