Subsidiaries of polysilicon producer Daqo New Vitality have signed two polysilicon provide agreements with LONGi and an undisclosed Chinese language producer.
The cope with LONGi will see Internal Mongolia Daqo present 251,280MT of high-purity mono-grade polysilicon from Could 2023 to December 2027, whereas Xinjiang Daqo and Internal Mongolia Daqo will present the unnamed Chinese language producer with 27,600MT of polysilicon between January 2023 and December 2027.
In each agreements, costs can be negotiated by each events month-to-month in response to market situations.
That is the second such announcement by Daqo in lower than a fortnight, because it lately signed a five-year polysilicon settlement with an undisclosed photo voltaic manufacturing firm in China for 148,800MT of high-purity mono-grade polysilicon.
It secured one other provide settlement in October with photo voltaic wafer producer Shuangliang Silicon Supplies for 150,300MT of high-purity mono-grade polysilicon.
Following a better-than-expected efficiency in the course of the first half of 2022, Daqo New Vitality elevated its annual polysilicon manufacturing steerage to 129,000 – 132,000MT and expects its manufacturing for This fall 2022 to be between 30,000MT to 32,000MT.
International polysilicon capacities are on monitor to succeed in 295GW by the tip of this yr and almost double in 2023 with 536GW, in response to analysis revealed final month by advisory agency Clear Vitality Associates.
