Chinese PV Industry Brief: Polysilicon price reaches new high at $45.4/kg, government takes action
The China Nonferrous Metals Industry Association said the price of polysilicon reached CNY 312 ($45.47)/kg this week – the highest level ever recorded. The Ministry of Industry and Information Technology, the State Administration for Market Regulation, and China’s National Energy Administration have asked regional authorities to take action to halt price increases in the polysilicon industry. In a joint statement, the government agencies invited all regional authorities to coordinate their efforts to reduce prices. The notification encourages in-depth cooperation between polysilicon and wafer producers, wafer and cell producers, module and inverter manufacturers, and PV glass makers. It calls for the creation of strategic alliances, long-term agreements, and technical cooperation.
Longi recorded CNY 50.42 billion of revenue in the first up, with 43.64% year on year. Its net profit attributed to shareholders was CNY 6.48 billion, up 29.79% year on year. In the second quarter, the company posted revenue of CNY 31.82 billion and a net profit attributed to shareholders of CNY 3.82 billion. PV module shipment hit 18.02 GW in the first half, with just 320 MW for its own projects. Longi said it expects its total module shipments to reach the 50 GW to 60 GW range in 2022, for a 30% share of the Chinese module market.
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[…] rising costs of producing solar panels. Polysilicon, a key raw material for makings solar panels, hit record prices in China this year, for example, in turn forcing manufacturers to raise […]
[…] Chinese PV Industry Brief: Polysilicon price reaches new high at $45.4/kg, government takes action – Average polysilicon prices hit CNY 312 ($45.47)/kg this week, according to an industry association in China. The nation’s Ministry of Industry and Information Technology, the State. […]
[…] rising costs of producing solar panels. Polysilicon, a key raw material for makings solar panels, hit record prices in China this year, for example, in turn forcing manufacturers to raise […]
[…] rising costs of producing solar panels. Polysilicon, a key raw material for makings solar panels, hit record prices in China this year, for example, in turn forcing manufacturers to raise […]
[…] rising costs of producing solar panels. Polysilicon, a key raw material for makings solar panels, hit record prices in China this year, for example, in turn forcing manufacturers to raise […]
[…] The demand for polysilicon is much greater than the current world production capacity. As a result, polysilicon prices have increased by more than 200% in 2022 alone. Polysilicon prices are now at $45/Kg compared to […]
[…] The demand for polysilicon is much greater than the current world production capacity. As a result, polysilicon prices have increased by more than 200% in 2022 alone. Polysilicon prices are now at $45/Kg compared to […]
[…] to a spot market analysis by China Nonferrous Metals Industry Association, last week’s price touched $45.47/kg, before settling a bit lower. This is an increase of over […]
[…] to a spot market analysis by China Nonferrous Metals Industry Association, last week’s price touched $45.47/kg, before settling a bit lower. This is an increase of […]
[…] to a spot market analysis by China Nonferrous Metals Industry Association, last week’s price touched $45.47/kg, before settling a bit lower. This is an increase of […]
[…] Average polysilicon prices hit CNY 312 ($45.47)/kg this week, according to an industry association in China. The nation’s Ministry of Industry and Information Technology, the State Administration for Market Regulation, and the National Energy Administration have also asked regional authorities to take action to deal with the price increase…Read More […]
[…] costs of producing solar panels. Polysilicon, a key raw material for makings solar panels, hit record prices in China this year, for example, in turn forcing manufacturers to raise […]