Polysilicon prices rose 30% over 3 months

Since the second half of the year, international polysilicon prices have risen significantly. Many listed companies have already felt the warmth brought about by the rebound in polysilicon prices. The data shows that due to the strong demand for downstream solar modules, the supply of polysilicon materials and products is in short supply, and prices continue to rise. According to relevant statistics, the price of polysilicon has risen more than 30% since the beginning of May this year.

According to report, in the domestic market, not only the price of polysilicon has risen, but also the money does not necessarily buy the polysilicon spot. Some polysilicon downstream PV module manufacturers have begun to send procurement personnel to polysilicon production companies because they cannot obtain stable polysilicon supply. Purchasing market. Polysilicon, which is still the buyer's market at the beginning of this year, has now become a seller's market.

An insider of a listed company engaged in polysilicon production in South China told the reporter: “We have indeed felt the price recovery. However, because our original gross profit margin is relatively high, we cannot speculate at the moment that the price increase will give us an increase in performance. ”

The shortage of polysilicon and rising prices make it a fact that listed companies have benefited. The main reasons for this rise in polysilicon prices are still divergent. Everbright Securities analyst Wang Haisheng believes that the PV market demand exceeds everyone’s expectations and the domestic polysilicon production capacity release process is lower than expected. With the speculation in the market is the main reason for the rise in polysilicon prices this round.

Previously, analysts pointed out that due to Germany’s announcement that it will start reducing its subsidies for photovoltaic power generation in the second half of this year, some operators have stepped up efforts to build photovoltaic power plants, leading to a situation in which upstream components such as solar modules and polysilicon are in short supply.

Tianwei Baochang Deputy Secretary Yin Xiaonan told reporters: “ We believe that the main reason for this increase in polysilicon prices is the abrupt increase in the demand for downstream photovoltaic power generation components. However, the release of domestic polysilicon production capacity is not sufficient, and changes in supply and demand have led to price increases. . "

For how long this round of polysilicon price rise can last for a long time, market analysts appear relatively optimistic. Wang Haisheng believes that before the end of the year, if there is no bearish factor in the market, polysilicon prices will not drop significantly, and the upstream silicon material plant's profitability will increase in the medium term. trend.

However, listed companies with polysilicon production business are very cautious. Yin Xiaonan told reporters that photovoltaic solar energy is a new industry and the fluctuations in demand and supply make it difficult to determine how long this round of price rebound can last.