Slow easing of polysilicon pressure
With countries setting net-zero emission targets for 2050-60, renewable energy demand is growing robustly. Amid energy transition trends, PV InfoLink’s Albert Hsieh expects global PV demand to surpass 230GW this year. Strong demand is mainly sustained by China, which released several supportive policies last year, as well as energy transition-driven markets such as the United States. The Russia-Ukraine war is also accelerating Europe’s need to wean itself off its dependence on Russian fossil fuels, and thus renewables demand looks increasingly strong on the continent.
In anticipation of higher-than-expected demand, polysilicon supply will remain a major factor affecting prices across the supply chain this year. Since the second half of 2020, polysilicon prices have been on the rise. Coupled with imbalanced capacity in the supply chain and China’s energy intensity control, polysilicon prices reached as high as CNY 270/kg ($ …
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