This week, the price of polysilicon reached RMB 124 ($18.9)/kg. All major categories of polysilicon products have seen their price increase by around 45% so far this year. Meanwhile, Tongwei has lowered the prices of its solar cells for April.
The two solar companies have signed a strategic agreement to jointly finance new manufacturing facilities, Tongwei announced this morning.
The 275,000 metric tons of annual polysilicon production facilities pushed out of the industry by the expansion of big Chinese producers is more than double the capacity lost in the last great poly market shake-out, between 2010 and 2013.
JA Solar has agreed to sell three solar farms to China Power Investment Corporation, while Tongwei announced lower prices on a number of cells and eight leading players are calling for the standardization of PV products with 210 mm wafers.
The Chinese giant plans to further strengthen the supply chain for solar modules based on 210mm wafers by establishing joint ventures with its rival.
Solar manufacturers Longi and Tongwei have frozen next month’s prices.
Plus, panel maker Risen began construction of a 15 GW cell and module factory in Yiwu, in the central Zhejiang province of eastern China.
Polysilicon maker GCL-Poly has started construction of a factory with an annual production capacity of 54,000 MT as Chinese inverter manufacturer Goodwe launched an IPO on the Shanghai stock market.
A unit of the manufacturer has suspended poly production in Sichuan province because of flooding fears. The temporary factory shutdown will shave 25% off the group’s output capacity.