Polysilicon imports to China have fallen to their lowest levels since 2011 as non-Chinese polysilicon producers have shipped greater volumes to Southeast Asia, according to a recent report from Bernreuter Research.
German chemical group Wacker Chemie has posted the financial results of 2023 with its polysilicon business falling by 61% due production-related reasons.
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.
Xinjiang Daqo, the Chinese subsidiary of polysilicon manufacturer Daqo New Energy, has signed an investment agreement to build a new silicon-based facility in China.
“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.
Everything seems to be pointing to the solar PV manufacturing sector going into a downturn in 2024, with loss-making potentially rife across much of the upstream sector.
