CMIC: China's polysilicon production will reach 290,000 tons in 2014

The latest release of CMIC (China Market Information Center): China's polysilicon industry is booming thanks to the development of the global photovoltaic industry. The strong market demand has greatly promoted the development of China's polysilicon industry. In just a few years, China's polysilicon industry can develop so rapidly, and the distance from the international advanced level is gradually narrowing. Since 2006, due to the market's high price and short-term profiteering temptation, China has set off a wave of polysilicon project construction, the scale and investment is the world's best. China's polysilicon production was only 60 tons in 2005, and it was only 287 tons in 2006. In 2007, it was 1156 tons, but in 2008 it was more than 4,000 tons. By the end of 2009, the total designed capacity of China's polysilicon completed projects was 44,000 tons, and the designed capacity of projects under construction was 68,000 tons, a total of about 112,000 tons.

In 2010, after experiencing the peak of 2006-2007 and the low of 2008-2009, China's polysilicon solar industry is welcoming the second spring. In 2009, China's polysilicon production reached 20,357 tons, with sales revenue of nearly 9 billion yuan. The polysilicon industry's prosperity index rose and corporate confidence gradually recovered. In 2010, with the strong recovery of overseas markets, polysilicon entered a new round of production, and traditional industry companies and new companies have launched projects. Polysilicon prices have rebounded and have already broken through 100 US dollars. Due to the recovery of the entire photovoltaic industry in 2010, all products in the industrial chain, such as solar cell wafers, battery chips, components, etc., are in short supply.

From the perspective of the industry as a whole, the current polarization trend of the domestic polysilicon industry is obvious, industry standards are coming to the fore, and industry integration is imminent. High-purity polysilicon is the basic raw material for the electronics industry and the solar photovoltaic industry. In the short term, it is impossible for other materials to replace silicon materials and become the main raw materials for the electronics and photovoltaic industries. According to CMIC analysis 2012-2014, the global PV installed capacity is expected to maintain a growth rate of 20%-25%. In terms of technology, the market is still dominated by crystalline silicon technology in the short term. CMIC experts expect a compound annual growth rate of 16% for polysilicon supply in 2010-2014 and 290,000 tons in 2014.

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