Wacker’s polysilicon volumes drop on weaker China demand in Q1

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Wacker reported first quarter polysilicon segment sales of €268.1 million, down 10% from the previous quarter.

Major polysilicon producer Wacker said polysilicon shipment volumes fell substantially in the first quarter of 2017, while revenue declined around 10%. The China market had been relatively weak with only a slight rebound in demand at the end of the quarter.

Wacker reported first quarter polysilicon segment sales of €268.1 million, down 10% from the previous quarter when sales reached €297.2 million, which included special income of €13.3 million from advance payments retained and damages received from solar-sector customers.

EBITDA amounted to €70.5 million, up 79% from the prior year period, driven by the completion and ramp of its new polysilicon plant in Charleston, Tennessee and significant reduction in capex requirements. 

However, relative to the fourth quarter of 2016, EBITDA was down around 19%, due to inventory build forced by polysilicon spot market price declines on weaker than expected demand in Asia and notably China. EBITDA margin was negative 11.8%.

Rudolf Staudigl CEO of Wacker said, “Market conditions for our polysilicon business are more difficult at the moment. Spot-market prices for solar silicon have declined significantly in recent weeks. Generally, though, we anticipate further growth in the global photovoltaic market this year, which will have a positive impact on polysilicon demand.”

Read Next

July 29, 2021
Tracker and racking provider Arctech has delivered SkySmart II tracking system to a 575MW agriculture-sharing solar project located in Nangong City, Hebei Province, China.
July 23, 2021
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
July 22, 2021
REC Silicon said it is continuing to work towards a restart of operations at its Moses Lake polysilicon production facility in the US, with the company buoyed by recent policy initiatives unveiled by US President Joe Biden.
July 16, 2021
The July 2021 episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream, as we delve into everything you need to know about recent polysilicon trade sanctions in the US.
July 16, 2021
Finlay Colville, head of market research at PV Tech Research, explores the critical themes behind the solar industry’s transition from p-type to n-type cell production before previewing PV CellTech Online 2021.
July 15, 2021
Legislation that would ban the import of all products from China’s Xinjiang region into the US has taken a critical step forward, passing the US Senate.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK