upstream

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.

JA Solar is forecasting to ship as much as 40GW of modules this year as it expects its n-type cell capacity expansion to deliver next year.

Spiralling upstream solar prices have continued this week, triggering the first PV module price rise in months.

A subsidiary of Daqo New Energy is forecasting net profit during H1 2022 to be more than four times higher than the same period last year.

Solar polysilicon prices jumped by a further 4% this week, fuelling industry assessments that prices will soon jump above the RMB300/kg (US$44.74/kg) barrier.

Tongwei has become the latest upstream solar manufacturer to increase prices as the cost of raw materials continues to spiral.

The solar industry supply chain’s jitters continued this week after polysilicon prices hit another high, driving silicon wafer prices further upward too.

Polysilicon prices have continued to climb in China amid limited supply as manufacturers are hit by power rationing.

Polysilicon prices will likely continue rising throughout 2022 and only soften towards the very end of the year, driven by unfaltering demand and panic buying.

The solar industry’s n-type transition presents a major strategic opportunity and is one JinkoSolar is aiming to grasp with both hands. PV Tech learns how.