POLYSILICON MARKET ANALYSIS

Market News

Key Developments:

• Several government administrations are imposing anti-dumping duties on import of polysilicon in order to safeguard market shares of local players. For instance, in January 2020, China's Ministry of Commerce (MOC), announced that China will continue to impart anti-dumping duties on solar-grade polysilicon imported from the Republic of Korea & the United States.
• Various companies are focusing on adopting strategies such as partnership and collaborations in order to increase their presence in the global market. For instance, in August 2019, Daqo New Energy Corporation, had partnered with Longi Green Energy Technology to supply 112,800 Metric Tons of polysilicon over a period of three years. Longi is one of the leading players in mono silicon module manufacturing.
• In September 2019, Daqo New Energy Corporation, a global leader manufacturing high-purity polysilicon, announced a two-year agreement to supply polysilicon to JinkoSolar Holding Company Limited. JinkoSolar Holding Company Limited is one of the largest solar module manufacturers in the world.
• In May 2019, China-based polysilicon manufacturer - Daqo New Energy had announced upgrading & debottlenecking of its mono-grade polysilicon production plant in order to cater to the increasing demand of mono-grade polysilicon.
• Key players are focused on investment, and acquisition strategies in order to enhance their market share. For instance, in April 2017, OCI Company Ltd. announced the acquisition of Tokuyama’s Malaysia polysilicon production with a capacity of 20,000 MT. This acquisition helped OCI to become second largest polysilicon producer worldwide with the annual production capacity of 72,000 MT.