Solar industry nears ‘crisis’ amidst material shortages
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Polysilicon supply is expected to remain tight throughout this year, with prices soaring as a result. Image: JinkoSolar.
Solar manufacturing material shortages are nearing a crisis point with the price of polysilicon continuing to rise, JinkoSolar’s Dany Qian has said.
The price of polysilicon has risen steadily over the course of the last year, prices rising initially due to factory shutdowns as a result of the COVID-19 pandemic but latterly due to a surge in demand.
Market research firm Energy Trend reports that the latest polysilicon price of RMB135/kg (US$20.69/kg) is up 3.3% on last month’s price, while analysts expect the price could reach RMB150/kg (US$23/kg) imminently.