SHANGHAI, Feb 9 (SMM) - SMM data shows that in January, the domestic polysilicon output stood at 102,800 mt, up 4.58% on the month. The supply of polysilicon continued to grow and due to the relatively slow growth of downstream demand, polysilicon inventory has continued to accumulate.
According to SMM, the domestic average monthly price of polysilicon in January was 163 yuan/kg (taking dense polysilicon as an example). Based on the industry cost of 60 yuan/kg, polysilicon companies can still guarantee a profit of 100 yuan/kg.
With this stimulus, polysilicon companies, especially second- and third-tier companies, still maintained high production enthusiasm and ramped up capacity of some new production lines. In addition, polysilicon prices rebounded in mid-to-late January, which further fuelled the enthusiasm of production. Some enterprises in north-west China carried out routine maintenance, which suppressed the growth of polysilicon supply to a certain extent.
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