Chinese PV Industry Brief: Daqo secures 46,200 MT polysilicon order

Daqo has secured another big polysilicon order and GCL Technology said it expects a profit of CNY 12.7 billion ($1.76 billion) from its solar materials business in the third quarter. Wafer manufacturer Wuxi Shangji Automation, meanwhile, has secured an order from TOPCon panel maker Da-Solar.

Image: Daqo New Energy

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Daqo said on Monday that it has secured a supply contract from an undisclosed customer for the 2023-27 period. The Xinjiang-based polysilicon supplier said it will sell up to 46,200 metric tons (MT). Daqo also signed a supply contract with Shuangliang for 155,300 MT of polysilicon supplies for the 2022-27 period.

GCL Technology says it expects to record an unaudited profit of CNY 12.7 billion ($1.76 billion) from its solar materials business in the third quarter. It said it produced 11,677 MT of its less energy-intensive granular product in the July-September period, for a gross profit of around CNY 205/kg, and conventional rod silicon at around CNY 151/kg. The group also produced 16,187 tons of rod silicon and 11 GW of solar wafers. 

Wuxi Shangji Automation has secured an order from Zhejiang-based TOPCon panel maker Da-Solar. Under the terms of the agreement, Da-Solar will buy around 300 million of n-type wafer products in 2023 from Wuxi Shangji at a monthly negotiated price.

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