Thanks to the ramp-up of new production lines at Inner Mongolia Daquan Energy and Ningxia Runyang Silicon Material Technology, polysilicon production schedules are expected to grow to 123,000 mt.
The price of polysilicon "collapsed” last week. The lowest price of dense polysilicon at mainstream manufacturers fell to 80 yuan/kg. Inventory at Inner Mongolia Daquan Energy and Tongwei exceeded 30,000 mt. The market prices were chaotic, and the bargaining cycle was further shortened. As silicon wafer plants pushed for lower prices, price of polysilicon continued to fall.
More popular news:
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
Global Manufacturing PMI Continued To Fall In May, Points To Downturn In Global Economy
Glencore to Aggressively Expand Copper Capacity
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge
For queries, please contact William Gu at williamgu@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn