polysilicon

The Dutch shipment company and the Singapore-based coal trader will begin providing the global solar industry with specialty metallurgical coals.

On the back of high solar PV installs, which will smash records this year at just under 100 GW, BNEF’s optimistic demand forecasts place growth at 111 GW in 2018, rising to 121 GW in 2019. It further sees a polysilicon factory boom, with production 10% up on 2017; and module prices dropping to as low as US$0.30/W for market leaders.

A unit of Chinese energy group GCL-Poly Energy has agreed to supply wafers to PV module manufacturer GCL System Integration and one of its subsidiaries in a deal worth up to CNY 3.59 billion ($542.3 million).

The new anti-dumping duties are effective from November 22 and range from 4.4% to 113.8%.

Amid an unexpected shortage of a key raw material, solar manufacturers in China are now under pressure of higher costs and narrowing margins.

Daqo New Energy recorded a net profit of $24.1 million in the third quarter of 2017, as the polysilicon and solar wafer producer’s revenue rose nearly 18% from the preceding three-month period to $89.4 million.

Leading polysilicon producer REC Silicon posted revenue of $75.5 million in the third quarter – 23% above the previous quarter. REC saw a 38.2% increase in sales volume, despite polysilicon production for the quarter coming in slightly below guidance.

German chemical supplier has raised its financial outlook for the year for the second time in three months, on the back of a strong third quarter. The company is now forecasting a full year EBITDA (earnings before interest, tax, depreciation and amortization) of €1 billion.

The German-based analyst and polysilicon specialist believes that newly installed solar PV capacity will hit 95 GW in 2017 and could hit 100 GW. Polysilicon spot prices set to fall by end of year.

The U.S.-based polysilicon maker has been in trouble since the imposition of Chinese trade duties on imported polysilicon in 2013.