China's Polycrystalline Silicon Market Full Recovery

Since the beginning of this year, thanks to the support of China's industrial policy and the increasing market demand, China's silicon market has witnessed a full recovery, with the capacity utilization rising, the product price picking up, and the remarkable improvement in enterprise achievements. 

Increasing global photovoltaic demand has played an active part in driving polycrystalline silicon consumption. In the first half of 2014, China's silicon battery output was 18GW, which increased 59.3% on a year-on-year basis. Domestic polycrystalline silicon consumption hit around 100,000 tons, which increased 44.9% on-year-on year basis. The rise in polycrystalline silicon consumption has driven industrial silicon consumption, whose amount of consumption reached 360,000 tons, an increase of 20.3%.

This year China's major polycrystalline silicon producing manufacturing enterprises' utilization of capacity has seen an obvious increase. In the first half of 2014, the average price of China's polycrystalline silicon was : the 553 industrial silicon average price was 12,474 Yuan per ton, a 9.3% increase; and the 441 industrial silicon average price was 13,293 Yuan per ton, a 10.6% increase. At present, most of the silicon companies in China have improved their earnings performance. In the first half of 2014, China's polycrystalline silicon industry profit was 600,000,000 Yuan, which increased 208% on a year-on-year basis; the industry silicon profit was 630,000,000 Yuan, which increased 18.7% on a year-on-year basis.

Author: Liwei Chu 
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