The number of polysilicon makers in
China, the world’s biggest supplier of solar panels, more than
doubled to 15 last year as prices climbed.
The nation produced 84,000 metric tons of the raw material,
used in most solar panels, in 2013, an 18.3 percent increase
from a year earlier, the Ministry of Industry and Information
Technology said in a statement posted on its website yesterday.
At the beginning of last year, the country had seven
The commodity price jumped 15 percent last year, according
to data compiled by Bloomberg. That prompted some Chinese
polysilicon makers to restart production after suspending output
as prices started to tumble in 2011, said Wang Xiaoting, a Hong
Kong-based analyst from Bloomberg New Energy Finance.
“Some companies restarted production to prepare for a
further increase in prices, while those, which have been
operating such as GCL-Poly Energy Holdings Ltd (3800), may produce in a
full capacity this year,” she said. Polysilicon output in China
may reach 110,000 tons to 120,000 tons in 2014, Wang estimates.
Chinese panel output increased 13 percent to 26 gigawatts
in 2013, equivalent to more than 60 percent of global
production, the ministry said. The average spot price of
polysilicon has risen 17 percent this year, according to data
from London-based BNEF.
China’s solar industry will see a recovery in 2014 and
prices of polysilicon and cells will stabilize, the ministry
forecast. Key companies may report full-year profit as the
domestic market continues to expand, it said.
To contact Bloomberg News staff for this story:
Feifei Shen in Beijing at
To contact the editors responsible for this story:
Reed Landberg at
Abhay Singh, Rebecca Keenan