POLYSILICON DEMAND INCREASES: SPOT PRICES RISE BUT LONG-TERM AGREEMENTS REMAIN STABLE

摘要

With Germany expected to install more than 6 GW of PV this year and developers in other major European markets looking to complete systems before FIT rates decline in 2011, polysilicon supply has become increasingly constrained in recent months. Talk amongst developers at Solar Power International and reports from leading equity analysts suggest that spot poly prices could surpass $100/kg by the end of the year, almost double the average contract price. While a $100/kg spot price run is certainly possible given the increased demand, it is highly unlikely that contract prices will reach those levels in the coming years. Most of the polysilicon currently used in production is being acquired via long-term agreements, and despite rising spot prices, the relatively low spot volume will have minimal impact on the global PV market.