 Home > Chemicals Industry > China Chemical > 61 billion in a week! Hundreds of billions of polysilicon leading orders exploded

61 billion in a week! Hundreds of billions of polysilicon leading orders exploded

 Last Update: 2023-01-04
 Source: Internet
 Author: User

Tags

used building materials

peak performance nutrition

Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

【Chemical Machinery and Equipment Network Market Analysis】Since the beginning of this year, benefiting from the continuous strong demand in the downstream of the photovoltaic industry chain, polysilicon products have frequently appeared large orders
for procurement and sales.

On the evening of October 17, polysilicon giant Daqo Energy disclosed that the company and its wholly-owned subsidiary Inner Mongolia Daqo New Energy Co.
, Ltd.
(hereinafter referred to as "Inner Mongolia Daqo") recently signed a polysilicon procurement contract with a customer, and the contract stipulates that from 2023 to 2027, a customer is expected to purchase a total of 46,200 tons of solar-grade primary polysilicon from the company and Inner Mongolia Daqo, with an estimated purchase amount of about 13.
999 billion yuan, and the actual purchase price is negotiated on a weekly basis
.

Just a few days ago, Daqo Energy disclosed on October 13 that it had signed a polysilicon procurement and supply contract with Shuangliang Silicon Materials, a subsidiary of Shuangliang Energy Conservation, and the contract stipulates that the buyer is expected to purchase a total of 155,300 tons of polysilicon from the seller from 2022 to 2027, with an estimated purchase amount of about 47.
056 billion yuan
.
The actual purchase price is negotiated on a monthly basis
.

In just one week, Daqo Energy has twice received polysilicon orders from major customers, with a total amount of 61.
055 billion yuan, which is about 6 times
the total revenue in 2021.

In fact, as early as February this year, Daqo Energy announced that the company signed a long-term polysilicon sales contract with a customer, and from 2022 to 2026, the customer is expected to purchase a total of 30,000 tons of solar-grade polysilicon special grade no-clean monocrystalline materials from the company, with an estimated total sales amount of about 7.
26 billion yuan (including tax).

According to statistics, the total amount of the above three large purchase orders reached 68.
315 billion yuan
.

Industry analysts predict that the photovoltaic industry is still in the booming channel
.
With the arrival of the peak season of photovoltaic installation in the fourth quarter as scheduled, the demand for large domestic bases is expected to grow
significantly.
It is expected that domestic polysilicon production in the fourth quarter is expected to reach 270,000 tons, an increase of about
40% from the previous quarter.
In the context of polysilicon prices sitting at 300,000 yuan / ton, photovoltaic installations will usher in a peak in the fourth quarter, which also means that downstream demand will continue to be strong
.
The polysilicon supply and demand structure remained tight during the year, and it is expected that the tight supply and demand will ease
in 2023.

According to Daqo Energy's report, the company achieved operating income of 16.
34 billion yuan in the first half of the year, a year-on-year increase of 262.
16%; The net profit attributable to the parent was 9.
525 billion yuan, a year-on-year increase of 340.
81
%.

The report disclosed that Daqo Energy has formed an annual output of 105,000 tons of high-purity polysilicon production capacity, and has established long-term and stable cooperative relations
with LONGi Green Energy, TCL Central, Trina Solar, JA Technology, and Shangji CNC and so on.

According to data from the China Photovoltaic Industry Association, domestic polysilicon production in the first half of 2022 was about 365,000 tons, and Daqo Energy's polysilicon output during the corresponding period was 66,700 tons, accounting for 18.
3%
of domestic polysilicon production.

The company's polysilicon sales volume in the first half of the year was 76,400 tons, and the product quality remained at a high level, with monocrystalline silicon wafers accounting for more than 99%, and has achieved batch sales
of N-type high-purity silicon.

Daqo Energy previously said that thanks to the excellent performance in the first half of the year, it raised its annual production forecast to 129,000 tons to 132,000 tons
.

In addition, Daqo Energy also disclosed that the 100,000-ton high-purity polysilicon project in Baotou, Inner Mongolia, has started construction and is expected to be completed
in the second quarter of 2023.
After completion, it will further expand the production capacity
of high-purity polysilicon.
In July, the company signed the "300,000 tons/year high-purity industrial silicon project + 200,000 tons/year silicone project investment agreement" with the government of Guyang District, Baotou City.

The first phase of construction of a high-purity industrial silicon project with an annual output of 150,000 tons is expected to be completed and put into operation
in the third quarter of 2023.

Original: 61 billion in a week! Hundreds of billions of polysilicon leading orders exploded

This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.