Global polysilicon sales will increase to $6 billion in 2014

According to Bloomberg New Energy Finance analysts, global polysilicon sales are expected to exceed $6 billion driven by the China-Japan PV market.

Analysts at Bloomberg New Energy Finance (BNEF) expect global polysilicon sales to grow 15% to $6 billion in 2014, given the surge in solar markets in China and Japan.

BNEF pointed out that despite the downturn in the global solar market in 2012, polysilicon prices have once again increased. Industry leaders China Poly GCL and Germany WackerChemie AG are expecting market demand to grow, and plans to expand production capacity.

“We are seeing the entire solar industry in a recovery phase – and of course the polysilicon sector,” said StefandeHaan, an analyst at IHS Solar. “2013 is the year of global PV industry recovery and will be further improved in 2014. We think polysilicon this year. The capacity utilization rate of the plant will be the highest in the past two years."

According to BNEF, the booming Sino-Japanese PV market is the main driver of the global solar market recovery. If the global installed PV capacity reached 44 GW in 2014, at least half of it will come from these two Asian countries.

“Japan’s 'fantastic’ FIT subsidy policy has spurred the domestic PV market to prosper,” said BNEF senior solar analyst Janny Chase. “In addition, China’s PV market demand continues to grow, and the government has introduced policies to support new projects.” Chase hinted The FIT policy is still one of the most attractive incentives in the world, although the FIT subsidy rate has been lowered. The global polysilicon industry will benefit from the prosperity of the photovoltaic market in China and Japan.

price adjustment

BNEF pointed out that in 2012, the average price of polysilicon plummeted by about 42%. In 2013, it was also struggling all the way, with only a slight increase in November. In addition, polysilicon prices are expected to climb to $25 this year after hitting $21.75 per kilogram at the end of April. deHaan expects polysilicon prices to increase by 10% in 2014. Supplier sales rose 33% to $5 billion.

BENF expects global polysilicon sales to exceed US$6 billion in 2014

European companies are likely to benefit from the introduction of strict tariffs on imports of polysilicon from the US and South Korea in January this year. At present, more than half of the polysilicon materials used by Chinese solar manufacturers come from overseas. Because US companies suffer a 57% anti-dumping tax rate, European companies (14.3% to 42% anti-dumping tax rate) are clearly in a relatively easy situation. In addition, South Korea's largest polysilicon manufacturer OCICo. is in the most favorable position, suffering only 2.4% anti-dumping tax rate, and is expected to increase its revenue in 2014.

The recovery of the polysilicon market has also been shown in the market. In the past 12 months, GCL-Poly's share price has surged by 48%. In addition, Germany's Wacker and South Korea's OCL rose 43% and 28% respectively.

As market confidence gradually recovers, the surge in demand is expected to continue throughout the value chain. BNEF has revealed that the number of Chinese polysilicon manufacturers has reached 15, which has doubled from last year, but far below the peak of 2010. In 2010, the number of companies producing polysilicon exceeded 100.

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