Polysilicon spot prices fell by 33%

According to Bloomberg, the price of polysilicon, the main raw material of solar panels, plummeted by more than 33% in the global spot market in the second quarter. This has caused some manufacturers to reduce their production costs and formed profits. However, some companies have not been affected.

Rupesh Madlani, a renewable energy analyst at Barclays Capital, said that after several European countries announced that they would cut down subsidies for clean energy and cause demand to fall, the spot price of polysilicon fell to an average price of 50-53 dollars per kilogram.

If the price is 50 US dollars, this price will be the lowest price in more than 6 years, compared with Bloomberg New Energy Finance's data shows that the price of polysilicon was still 78.9 US dollars in March.

Andrew Lee, Sharp's head of international sales for the European solar sector, said that at the time when prices were low, people began to clear inventory, and even in some cases the price was still below cost.

This has caused several happy and embarrassing situations. Bloomberg pointed out that the fall in the price of polysilicon has benefited China Jing Ke Energy and Trina Solar because they mostly purchase in the spot market, and the proportion of polysilicon in its cost structure is higher than that of European and American companies. In contrast, First Solar, the world's largest thin-film battery manufacturer, could not benefit from this because they mainly use cadmium telluride as raw material for production.