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SMM analysis on China June polysilicon output and July forecast

iconJul 11, 2024 13:50
Source:SMM
In June, China's polysilicon production was 151,000 mt, showing a significant decrease of 14.7% MoM.

In June, China's polysilicon production was 151,000 mt, showing a significant decrease of 14.7% MoM. Several leading producers, including East Hope, Jingnuo, and Daqo, experienced maintenance and production cuts to some extent, mainly due to previous price drops below the cost line and high inventory levels. However, Tongwei maintained high growth due to the ramp-up of the new production line in Baoshan and the impact of high-level strategy, leading to some production increases.

Entering July, with the easing of inventory pressure, some producers saw an increase in production. The scheduled production is expected to increase by 3,000-4,000 mt to around 154,000 mt.

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