The price decline is attributable to continued inventory pressure and the restart and ramp-up of output by some producers in June, which have reinforced expectations of rising supply and prompted some polysilicon manufacturers to cut prices to reduce stock levels.
The Silicon Industry Branch of the China Nonferrous Metals Industry Association (CNMIA) reported on June 18 that polysilicon prices fell for a third consecutive week. N-type recharging polysilicon traded at CNY 32,000–34,000 ($4,402–$4,677) per metric ton, averaging CNY 33,400 ($4,594), down 1.47% week-on-week. N-type granular silicon traded at CNY 32,000–33,500 ($4,402–$4,608) per metric ton, averaging CNY 33,000 ($4,539), down 1.49%. The association attributed the decline to continued inventory pressure and the restart and ramp-up of output by some producers in June, which have reinforced expectations of rising supply and prompted some polysilicon manufacturers to cut prices to reduce stock levels.
On June 14, PV production equipment provider Laplace said it plans to raise up to CNY 2.2 billion ($303 million) through a private placement. The proceeds will fund high-end PV and semiconductor equipment R&D, the second phase of its Wuxi high-end PV equipment manufacturing base, digital and intelligent upgrades, and working capital. The company plans to allocate CNY 1.25 billion ($172 million) to R&D, CNY 135 million ($18.6 million) to the Wuxi expansion, CNY 156 million ($21.5 million) to digitalisation, and CNY 660 million ($90.8 million) to working capital.
