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.
Wacker Chemie has reported a 27% decrease in revenue for its polysilicon division, due to a marked decline in demand from China and a fall in average selling prices (ASPS). Weak pricing is expected to continue in 2019, lowering profitability further.
China-based polysilicon producer Daqo New Energy Corp said that its polysilicon production costs in the fourth quarter of 2018 had declined to a record US$7.94/kg. The company is targeting to reach US$6.80 per kilogram in 2020, once the capacity expansion to 70,000MT per annum has been completed.
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 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.
China-based polysilicon and wafer producer Daqo New Energy is feeling the significant impact from the recent change in the Chinese government’s solar deployment policies as multicrystalline wafer shipments have been slashed by as much as 50% for the second quarter of 2018.