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China polysilicon prices in freefall – pv magazine International

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Within the new weekly replace for pv journalOPIS, a Dow Jones firm, gives a fast overview of the principle value tendencies within the international PV trade.

The International Polysilicon Marker (GPM), the OPIS benchmark evaluation for polysilicon outdoors China, remained regular this week at $30 per kg, with the market seeing restricted transactions and smaller value quotes, in line with of OPIS Photo voltaic.

Ex-China polysilicon costs remained the identical for a second week working, with most gamers providing no new value factors throughout the OPIS market survey. As a substitute and lengthening the sample from final week, a number of sources gestured at how costs within the Chinese language polysilicon market remained flat.

Costs for polysilicon in China, assessed by OPIS as China Mono Grade, continued to interrupt information, diving additional to CNY78 ($10.96)/kg, the bottom determine in almost three years. which additionally leaves the nonetheless a lot mentioned, psychologically important determine of CNY100/kg within the mud. This 27.44% plummet takes the crown from final week’s dramatic proportion decline, and is now 2023’s largest proportion decline in China’s polysilicon costs.

This sharp decline comes as market fundamentals in China stay unchanged, with polysilicon output persevering with to outpace demand, a supply reiterated. Transactions are literally 10% beneath the figures quoted by massive and small producers, and wafer producers now have a powerful negotiating place when putting buy orders with polysilicon enterprise, the supply added.

Aside from a number of well-known producers, many polysilicon producers can not break even with costs between 70 and CNY80 / kg, and a brutal pricing struggle is at present underway, in line with a supply. These main producers are anticipated to proceed a value struggle, benefiting from their decrease manufacturing prices and bigger scale of manufacturing on this and subsequent 12 months to disclaim the small and new market share of the participant, the supply added. On this method, they will preserve their excessive floor in polysilicon when the section faces a big oversupply.

OPIS, a Dow Jones firm, gives vitality costs, information, information and evaluation on gasoline, diesel, jet gas, LPG/NGL, coal, metals, and chemical compounds in addition to renewable fuels and environmental commodities. It acquired pricing information property from the Singapore Photo voltaic Change in 2022 and now publishes the OPIS APAC Photo voltaic Weekly Report.

The views and opinions expressed on this article are these of the writer, and don’t essentially mirror these held by pv journal.

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