Daqo New Energy

Significant China-based polysilicon producer Daqo New Energy has forecasted to reach its highest possible production and also sales levels in reporting fourth quarter and also full year outcomes.

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China-based polysilicon manufacturer, Daqo New Energy Corp has actually protected near-term polysilicon supply deals with SMSL (Solar Module Super League) participant, JA Solar and also an unknown existing client that means it is sold out up until a brand-new polysilicon plant is constructed as well as functional sometime in 2022.

Longgen Zhang, the chief executive of polysilicon carrier Daqo New Energy, has actually surrendered from the board of supervisors of leading solar module manufacturer JinkoSolar.

Polysilicon maker Daqo New Energy has submitted new papers relating to a prospective initial public offering (IPO) to the Shanghai Stock Exchange, detailing exactly how profits will certainly be invested in new centers.

Major polysilicon manufacturer Daqo New Energy anticipates polysilicon demand to outstrip supply for a minimum of the next 18 months, because of the absence of brand-new polysilicon ability as well as solid demand as a growing number of 'Solar Module Super League' (SMSL) members continue to include in-house monocrystalline ingot and also wafer manufacturing.

While mono-grade polysilicon prices did not lower much in the very first quarter owing to steady need, multi-grade was up to record lows as its market share reduced. During the 2nd quarter, composes PV InfoLink elderly analyst Cooper Chen, the marketplace saw extreme supply. Monocrystalline makers have been performing at full tilt and also bringing brand-new capabilities online as set up, while the pandemic crazes on overseas.

China-based high-purity polysilicon manufacturer Daqo New Energy has actually reported that in the very first quarter of 2020, the typical complete manufacturing expense of polysilicon was minimized to US$ 5.86/ kg, below US$ 6.38/ kg in the previous quarter, a brand-new market document.

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Daqo New Energy, major crystalline silicon manufacturer, got revenue of $83.9m and gross profit of $18.1m during Q3 of 2019. The new facility with 35,000MT production capacity is to be commissioned by the end of the year.

Daqo New Energy has agreed to supply 112,800 MT of polysilicon to Longi Green Energy Technology. The two parties did not disclose the financial terms of the three-year deal.