Polysilicon prices have risen again "carrying silicon is king" or reappearing

The price of polysilicon that has been quiet for a long time has finally changed. Shanghai Securities News learned from the industry yesterday that since May this year, in less than two months, the price of imported polysilicon has risen by nearly 20%, from the previous 50 US dollars / kg to the current 60 US dollars / kg.

According to industry insiders, such a situation has not appeared for two years, suggesting that after experiencing a brief pain in the financial crisis, the photovoltaic industry is expected to reproduce the grand occasion of “crowding silicon as king” from 2006 to 2007.

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The purchasing minister of a large domestic PV company has been quite hurt recently. He told this reporter that the recent purchase of polysilicon is becoming more and more tense, and sometimes it is not possible to buy the goods, and the production line will almost stop production.

“German WACKER’s production capacity was fully sold before 2012, and WACKER’s material has not been bought in the market,” said the source.

Another person familiar with the industry told this reporter that the quality of domestic polysilicon, which is inferior to imported polysilicon, is even more expensive – the market price is around 450 yuan/kg.

"The reason for the price of domestic polysilicon is higher than that of imports: First, the delivery time is shorter, the supply is convenient, and the procurement cycle is short. On the other hand, the cost of domestic silicon material has not been completely released due to the production capacity, and the cost is higher than that of imported polysilicon. "The above person explained this.

At the same time, some distributors who import silicon materials are also unpredictable for this situation. At present, the inventory is basically sold out. The dealers who still have stocks even started to suspend sales and began to hoard silicon materials pending further price increases.

Downstream demand is expanding rapidly
A direct reason for the renewed rise in silicon prices is the rapid expansion of downstream PV market demand this year. According to reports, the current market in the battery factory or silicon wafer factory can ensure the normal production of polysilicon raw material inventory is seriously insufficient, some manufacturers' inventory can only guarantee the production needs in the next week.

Recently, Mitsubishi, the world's largest silicon material producer, has been shut down for maintenance. The Japanese silicon producer OTC, due to strong demand in the semiconductor industry, has stopped shipping high-purity silicon to PV manufacturers, all of which are sold to semiconductor manufacturers at higher prices. This has further a shortage of silicon materials in the market. At present, the price of silicon material produced by OTC has risen to 70 US dollars / kg.

Most market participants believe that this round of polysilicon prices will rise to at least 70-80 US dollars / kg, and this is not a round of rebound, but the beginning of a new wave of PV market development trend, and the "crowded silicon is king" grand occasion There is also a possibility.

With the help of this trend, manufacturers with a complete industrial chain, especially with upstream polysilicon, are re-optimized by the organization. On July 9, Sorell Securities Group upgraded the domestic silicon material and wafer manufacturing giant Saiwei's stock to hold, according to relevant analysts. "Given in 2010, Germany may be in good shape due to the good environment of the solar industry itself. With more solar modules installed, the market value of Saiwei Solar may also far exceed the original expectations."

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