News on Daqo

News on suppliers, market trends and technology innovations in polysilicon and wafer production is selected, assessed and written for you by Bernreuter Research.

Polysilicon EBITDA margins of Daqo, OCI, Wacker and REC Silicon from Q2 2018 through Q2 2019

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Daqo New Energy, one of the leading low-cost polysilicon manufacturers in China, recorded significantly lower earnings in the second quarter; the EBITDA margin fell from 24.6% to 15.5%.

Longi’s polysilicon supply contract with Daqo

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Daqo, China’s third-largest polysilicon maker, has signed a new contract with leading monocrystalline wafer producer Longi for the supply of 112,800 tons of polysilicon from 2020 through 2020.

Polysilicon EBITDA margins of Daqo, OCI, Wacker and REC Silicon from Q1 2018 through Q1 2019

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With record-low production costs and a positive EBITDA margin of 24.6%, China-based polysilicon manufacturer Daqo New Energy defied the low polysilicon prices in the first quarter.

Polysilicon EBITDA margins of Daqo, OCI, Wacker and REC Silicon from Q4 2017 through Q4 2018

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While China-based polysilicon manufacturer Daqo reported another record low in production costs, the polysilicon division of market leader Wacker slid into the red with its EBITDA in the fourth quarter.

Daqo New Energy’s polysilicon plant in Shihezi, Xinjiang

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China-based polysilicon manufacturer Daqo New Energy is targeting total production costs of US$6.80/kg by the first quarter of 2020, down from $9.05/kg in Q2 2018 and $7.50/kg projected for 2019.

polysilicon chunks

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Indeed, polysilicon prices on the Chinese spot market slightly recovered in July and stabilized in August. But they have been on the downtrend again since mid-September.

Directional solidification furnaces for multicrystalline silicon at Daqo New Energy in Chongqing

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Daqo New Energy’s decision to abandon its multicrystalline wafer manufacturing unit in Chongqing appears as a sign of bigger things to come: The market share of multicrystalline wafers will fall drastically.

Longi’s four polysilicon supply contracts

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Leading monocrystalline wafer maker Longi has underpinned its rapid expansion by signing a contract with Xinte Energy for the delivery of 90,080 tons of polysilicon from 2019 through 2021.

Polysilicon supply contracts of Longi

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Leading monocrystalline solar wafer manufacturer Longi has signed a contract with Chinese Tongwei Group for the delivery of 55,000 metric tons of polysilicon between May 2018 and December 2020.

Daqo New Energy’s polysilicon plant in Shihezi, Xinjiang

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Daqo New Energy, the third-largest polysilicon manufacturer in China, has announced it will increase its production capacity by 35,000 metric tons, thus reaching a total capacity of at least 70,000 tons in early 2020.

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