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 polysilicon and wafer producer GCL-Poly Energy Holdings reduced losses in its Materials business segment in 2019 by continuing to reduce polysilicon production while boosting solar wafer capacity by 5GW.
Major polysilicon and merchant solar cell producer, Tongwei Group is adding 40,000MT of high-purity polysilicon at a cost of around RMB 4 billion (US$563 million), which is to result in its total polysilicon capacity reaching 155,000MT in 2021.
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.
Major polysilicon and merchant solar cell manufacturer, Tongwei Group and subsidiary Tongwei Solar are to significantly increase high-purity polysilicon production and high-efficiency solar cell production over the next five years.
Major polysilicon producer Wacker Chemie has reported preliminary full-year 2019 financial results, highlighting higher than previously guided asset impairment charges on its polysilicon division as ASPs (Average Selling Price) remain at record lows leading to an EBITDA loss of €55 million.
The first steps have been taken in ending the trade war between the US and China now that the ‘Phase 1 Trade Agreement’ has been signed. A surprise inclusion for the PV and semiconductor industries has been China’s agreement to reopen the trade doors for US-made solar-grade polysilicon.
Major polysilicon producer Wacker Chemie has directly blamed the Chinese governments support of its domestic polysilicon manufacturers for the need to make a major write-down of its polysilicon production facilities in Germany and the US with a massive €750 million impairment charge in its FY 2019.