Polysilicon prices fell sharply and many companies stopped production

In the recent period, the price of polysilicon has fallen like a waterfall, plummeting all the way down, from the previous high of 3.5 million yuan/ton to the average price of 200,000 yuan/ton in November of this year, with an intermediate drop of 3.3 million yuan, not only The price bubble that exists in the polysilicon industry has been broken, and the difference is only half the industry average cost of 300,000 to 400,000 yuan per ton. This fall in cost price has caused many polysilicon companies to shut down production.

In 2003, the introduction of Germany's PV subsidy policy greatly promoted the development of the solar PV application market in Germany and Europe. The demand for solar grade polysilicon market has grown explosively and prices have risen rapidly. In 2008, the international polysilicon price reached 3.5 million yuan/ton in one stroke. For a time, the polysilicon industry has become a highly profitable industry that has attracted much attention. It has invested and built factories and increased investment to expand factories. China has also grown into one of the world's largest producers of polysilicon in the process.

After that, the domestic polysilicon industry experienced a price drop. In the second half of 2008, due to the impact of the international financial crisis, polysilicon prices began to decline rapidly and fell to US$40/kg from 2008 to 2009, less than one-tenth of the peak period. Fortunately, after entering 2010, with the improvement of the world economic situation, the downstream photovoltaic rapidly warmed up. Polysilicon gradually recovered lost ground in the later period, and prices gradually recovered steadily, reaching a maximum of 800,000 yuan/ton.

However, what many domestic companies did not expect was that the relative stability at the moment was not the end of the nightmare of polysilicon price decline. Instead, it was the beginning of a new round of nightmare nightmares.