The impact of the economic crisis on the polysilicon industry
Thread Content
Everyone is aware of the severity of the current economic crisis, especially its impact on the systems in the United States and Europe. The domestic use of polysilicon products is relatively limited, while they are widely used in foreign environmental protection industries such as solar energy. The economic crisis has led to a decline in demand for Chinese polysilicon raw materials abroad. So, does the development of polysilicon in China have a significant impact? Is it still necessary to continue building polysilicon production facilities? Please share some suggestions and opinions; thank you!
In the short term, it will drop to rock bottom, but in the long run, the demand for polysilicon remains high; energy issues are already an urgent concern
The price of polysilicon has dropped from around 450 dollars per kilogram to less than 100 dollars per kilogram today, primarily due to the financial crisis. Domestic demand is very low, while the main markets for solar photovoltaic technology are developed countries such as those in Europe, the United States, and Japan. The financial crisis had a severe impact on these demanding countries, leading to a sharp decline in demand. In China, due to various constraints, solar energy has not yet been used on a large scale. Polysilicon solar panels also have an issue regarding their service life. Due to the extremely high prices of polysilicon in the earlier period, many domestic investors rushed to enter the polysilicon industry, resulting in an overwhelming surplus of production capacity. Industry consolidation will surely occur in the coming years, with outdated production capacities being phased out. This will determine the price of polysilicon in those years. Even if the industry recovers from the financial crisis, the era of huge profits for polysilicon is gone forever!
I agree with the view from the third floor. After all, most of the technical core capabilities of domestic polysilicon manufacturers rely on foreign technologies; there is too little investment in fundamental research, and especially the ability to develop and manufacture custom equipment is poor
There is an impact; the market is vast, and the potential is enormous. We are optimistic.
I hope this industry can quickly overcome the effects of the economic crisis and achieve rapid, healthy growth... I also hope that there will be **more support for this emerging industry**
You should know that it’s not just the polysilicon industry that is affected ； It has a significant impact on various industries around us, so there’s no need to panic. . For example, steel, coal, oil, methanol. . . . Wait, everyone is severely affected. So, if the whole situation is affected, there won’t be any significant changes in people’s standard of living. .