A subsidiary of polysilicon producer Daqo New Vitality has signed a five-year polysilicon provide settlement with an undisclosed photo voltaic manufacturing firm in China.
Xinjiang Daqo will present 148,800MT of high-purity mono-grade polysilicon from January 2023 to December 2027. Costs might be negotiated by each events month-to-month in response to market situations.
Daqo’s subsidiary continues to safe provide agreements after signing a 150,300MT high-purity mono-grade polysilicon provide with wafer producer Shuangliang Silicon Supplies final month.
With demand of its photo voltaic grade polysilicon remaining robust, the corporate posted excessive ends in Q3 2022 with internet income near US$1 billion and a polysilicon manufacturing quantity of 33,401MT.
As photo voltaic PV demand continues to develop quick, photo voltaic cell expertise is predicted to largely swap to n-type expertise within the subsequent two to a few years, in response to Longgen Zhang, CEO of Daqo New Vitality, who added: “We consider that our best-in-class polysilicon product and growing capability will allow us to enormously profit from these tendencies.”
Following a better-than-expected efficiency in the course of the first half of 2022, Daqo New Vitality elevated its annual polysilicon manufacturing steering to 129,000 – 132,000MT.
World polysilicon capacities are on observe to achieve 295GW by the top of this yr and almost double for 2023 with 536GW, in response to a analysis printed final month by advisory agency Clear Vitality Associates.
