Auto News

Polysilicon prices will rise by more than 200% in 2022 amid supply shortages – pv Magazine USA

Most of the solar panels are built using polysilicon, which is a material currently mainly supplied from China. According to the China Silicon Industry Association (CSIA), the price of the finest polysilicon rose by nearly 2% on Wednesday.

After a decade of price declines, polysilicon has reached its highest price since 2011. The cost of materials to buyers has risen for the sixth straight week. In January 2021, 1 kilogram of Chinese polysilicon will acquire about $ 13. Currently, the price is over $ 43 / kg.

The industry is in serious supply shortage as a major manufacturer in Xinjiang Uygur Autonomous Region shuts down unexpectedly for repairs. The Xinjiang Uygur Autonomous Region in western China accounts for almost 50% of the world’s polysilicon supply and is currently being scrutinized for credible allegations of forced labor.

CSIA said that polysilicon supply is expected to decline by about 5% in July compared to June. Bloomberg said prices are expected to continue to rise throughout the month until the newly added plant replaces the loss of production due to a sudden shutdown. An increase in COVID-19 infections in China is causing the closure of China, which could further exacerbate supply shortages in the short term.

China’s Xinjiang Uygur Autonomous Region has nearly 50% of the world’s polysilicon supply chain. Image: Wikimedia Commons

The Uighur Forced Labor Prevention Act (UFLPA) was passed this year to ensure that US imports are not related to forced labor practices in the Xinjiang Uyghur Autonomous Region. Last week, a large amount of quartzite, the element used in the production of polysilicon, was shipped. Detained According to US Customs and Border Protection.Analyst company ROTH Capital Partners has products from both JinkoSolar and TrinaSolar. Seized Customs indicate that the risks to the solar supply chain under the law may be higher than previously expected.

UFLPA envisions refutable estimates of goods shipped from this region and places the burden of proof on importers that it has nothing to do with forced labor. When the House of Representatives passed UFLPA, US Secretary of Labor Marty Walsh said: “

This content is copyrighted and cannot be reused. If you would like to work with us and reuse some of our content, please contact: editors@pv-magazine.com..

https://pv-magazine-usa.com/2022/07/06/polysilicon-prices-rise-over-200-in-2022-amid-supply-shortages/ Polysilicon prices will rise by more than 200% in 2022 amid supply shortages – pv Magazine USA

Back to top button