Although polysilicon prices have fallen frequently in the recent past, the enthusiasm of expansion of the major polysilicon plants has not been reduced.
Yesterday (25th), the National Development and Reform Commission announced the approval of the photovoltaic industry circular economy construction project of Xinjiang Silicon Industry Co., Ltd., TBEA (600089). According to statistics, the project has a total investment of 15.52 billion yuan and is designed to produce 12,000 tons of solar grade polysilicon annually.
China's largest polysilicon producer, GCL-Poly, recently announced that it will increase its polysilicon production capacity from 21,000 tons to 46,000 tons by the end of this year, and plans to achieve a capacity of 65,000 tons by the middle of next year.
"At present, it seems that the timing of the 6.5-million-ton production may still be advanced." A company executive told the reporter.
On May 9th, the photovoltaic equipment supplier Applied Materials USA announced that GCL-Poly has purchased orders for its HTC-B5 wire saw equipment with a wafer capacity of more than 2.5 GW, becoming the largest solar equipment order in the company's history.
“We are also continuing to expand production.†Liu Hanyuan, chairman of Tongwei (600438), told this reporter that before June next year, the company’s polysilicon production capacity will be expanded from the current 4000-5000 tons to 10,000 tons.
Overseas, Wacker Chemicals, one of the world's largest polysilicon producers, has previously announced the expansion of a high-purity polysilicon plant in Berlin, Germany, which will increase its annual production capacity from the current 32,000 tons to 37,000 tons.
Another polycrystalline silicon giant OCI in South Korea is expanding its new polysilicon plant and plans to complete it in the fourth quarter of 2012. After production, its total polysilicon production capacity will increase to 62,000 tons.
Deshan, the leading manufacturer of polysilicon in Japan, announced that it would invest 11 billion yen to expand production two weeks ago. It intends to increase polysilicon production capacity by 20% to 11,000 tons. Deshan pointed out that although the market fears that global expansion may impact polysilicon supply and demand, the company believes that polysilicon demand will continue to grow steadily in the future.
In spite of this, in the midst of polysilicon production expansion, the price of silicon materials has declined. The reporter learned from the Silicon Chapter that the current domestic minimum spot price for polysilicon has fallen to 500,000 yuan/ton (equivalent to US$77/kg), and the price at the beginning of the year was as high as more than US$90.
"Actually, when the spot price of polysilicon fell to more than 70 US dollars, the cost of some domestic small enterprises could no longer be tolerated," said the GCL-Poly management source.
Liu Hanyuan also believes that polysilicon prices will fall in the future, and profit margins will be compressed, but after the scale, companies can still obtain better returns.
An industry source pointed out that if you are optimistic about the polysilicon industry, then investment in the capital market, polysilicon companies may not be good, because domestic production capacity needs to be released, the future price reduction is the trend. Once polysilicon production capacity is released, the demand for consumables used for wafer cutting will increase, and the companies that produce the accessories are actually better investment targets.
At present, the listed companies in the Star Technology (002132), Xindaxinxin (300080), Aoke shares (300082) is known as polysilicon cutting "Three Musketeers." Among them, stellar science and technology recently announced continuously, has signed four ultra-fine wire supply contract, the total supply of 9,500 tons.
Xinda New Materials is the earliest and largest silicon carbide cutting edge material production enterprise in China. According to the forecast of China Electronic Materials Industry Association, the demand for wafer cutting material in the domestic market will reach 295,000 tons in 2012.
"The domestic polysilicon equipment and accessories have indeed demonstrated a very high cost performance, we will increase the purchase of domestic equipment and accessories." The above GCL-Poly management personnel also expressed to the reporter the approval of domestic polysilicon accessories, equipment recognition .
Yesterday (25th), the National Development and Reform Commission announced the approval of the photovoltaic industry circular economy construction project of Xinjiang Silicon Industry Co., Ltd., TBEA (600089). According to statistics, the project has a total investment of 15.52 billion yuan and is designed to produce 12,000 tons of solar grade polysilicon annually.
China's largest polysilicon producer, GCL-Poly, recently announced that it will increase its polysilicon production capacity from 21,000 tons to 46,000 tons by the end of this year, and plans to achieve a capacity of 65,000 tons by the middle of next year.
"At present, it seems that the timing of the 6.5-million-ton production may still be advanced." A company executive told the reporter.
On May 9th, the photovoltaic equipment supplier Applied Materials USA announced that GCL-Poly has purchased orders for its HTC-B5 wire saw equipment with a wafer capacity of more than 2.5 GW, becoming the largest solar equipment order in the company's history.
“We are also continuing to expand production.†Liu Hanyuan, chairman of Tongwei (600438), told this reporter that before June next year, the company’s polysilicon production capacity will be expanded from the current 4000-5000 tons to 10,000 tons.
Overseas, Wacker Chemicals, one of the world's largest polysilicon producers, has previously announced the expansion of a high-purity polysilicon plant in Berlin, Germany, which will increase its annual production capacity from the current 32,000 tons to 37,000 tons.
Another polycrystalline silicon giant OCI in South Korea is expanding its new polysilicon plant and plans to complete it in the fourth quarter of 2012. After production, its total polysilicon production capacity will increase to 62,000 tons.
Deshan, the leading manufacturer of polysilicon in Japan, announced that it would invest 11 billion yen to expand production two weeks ago. It intends to increase polysilicon production capacity by 20% to 11,000 tons. Deshan pointed out that although the market fears that global expansion may impact polysilicon supply and demand, the company believes that polysilicon demand will continue to grow steadily in the future.
In spite of this, in the midst of polysilicon production expansion, the price of silicon materials has declined. The reporter learned from the Silicon Chapter that the current domestic minimum spot price for polysilicon has fallen to 500,000 yuan/ton (equivalent to US$77/kg), and the price at the beginning of the year was as high as more than US$90.
"Actually, when the spot price of polysilicon fell to more than 70 US dollars, the cost of some domestic small enterprises could no longer be tolerated," said the GCL-Poly management source.
Liu Hanyuan also believes that polysilicon prices will fall in the future, and profit margins will be compressed, but after the scale, companies can still obtain better returns.
An industry source pointed out that if you are optimistic about the polysilicon industry, then investment in the capital market, polysilicon companies may not be good, because domestic production capacity needs to be released, the future price reduction is the trend. Once polysilicon production capacity is released, the demand for consumables used for wafer cutting will increase, and the companies that produce the accessories are actually better investment targets.
At present, the listed companies in the Star Technology (002132), Xindaxinxin (300080), Aoke shares (300082) is known as polysilicon cutting "Three Musketeers." Among them, stellar science and technology recently announced continuously, has signed four ultra-fine wire supply contract, the total supply of 9,500 tons.
Xinda New Materials is the earliest and largest silicon carbide cutting edge material production enterprise in China. According to the forecast of China Electronic Materials Industry Association, the demand for wafer cutting material in the domestic market will reach 295,000 tons in 2012.
"The domestic polysilicon equipment and accessories have indeed demonstrated a very high cost performance, we will increase the purchase of domestic equipment and accessories." The above GCL-Poly management personnel also expressed to the reporter the approval of domestic polysilicon accessories, equipment recognition .
Ruixiang M&E Co., Ltd. , http://www.gzcurtainmotor.com