Polysilicon price reaches $39.3/ kg - the highest given that 2011

• The price of polysilicon last week reached its highest level because 2011 and, according to Chinese module manufacturer JinkoSolar, there are no visible indicators that it might drop this year, as anticipated by numerous experts.

The worldwide solar industry's supply chain concerns that have actually been activated by the Covid-19 crisis might continue throughout 2022 and the expected price decline for polysilicon and also solar items may not emerge.

This is, at least, the overview of Chinese solar module maker JinkoSolar, which in a statement to pv magazine stated the polysilicon and also international products expenses might stay raised for a couple of years prior to stabilizing again.

" The current introduced price of solar-grade polysilicon jumped 10% month-to-month on Tuesday, February 15, resting at 249RMB/kg (39.3 US$/ kg), the highest because 2011," the maker specified. "It's up more than 400% given that the start of June 2020 as well as 280% YoY growth. It is contrary to a lot of forecasts that polysilicon expenses will decline in 2022."

According to the panel manufacturer, polysilicon producers are currently recording extremely high margins, which make them hesitant to lower prices. "The long-term lack gives a revival reason for polysilicon makers to maintain the price at a high degree, and the rates setting for solar modules is continuously nervous after China's Springtime Event," it additional discussed. "Strong demand as well as the effect on rising cost of living jointly develop a harmful mix in the solar sector."

The business also claims that the current polysilicon lack will certainly press module manufacturers to minimize silicone intake per wattage as well as seek to raise efficiency, in an initiative to better reduce prices. "Adopting higher power and greater performance innovation and items could be the only feasible means for downstream project developers along with cell/module producers to browse the risk of logistics and resources price variation," it stressed, keeping in mind that efficiencies over 22% might come to be critical to accomplishing economic situations of scale benefits and also a sensible LCOE in big scale projects.