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Silicon price up by 150% since the start of 2021

This year, the price of silicon has surged 150% from 80,000 yuan/ton to 200,000 yuan/ton, affecting the whole solar industrial chain from silicon wafer to power stations.

It is predicted that, the price of silicon may continue to fluctuate at a high level in the short term, as the installation boom is arriving at the end of the year.

Data show that China’s polysilicon production in the first half of 2021 was 227,000 tons, an increase of 10.7% year-on-year. However, the production capacity of silicon wafers, solar cells, and modules has all exceeded 30%.

According to analysts, at present, a number of leading silicon manufacturers are actively deploying and expanding production. In the future, with the gradual release of production capacity, silicon prices are expected to return to rationally.

Silicon is widely available in nature. Accounting for 27.6% of the earth’s crust, silicon is the most abundant element in the earth’s crust second only to oxygen.

According to statistics from the National Energy Administration of China, in the first half of 2021, China’s newly installed capacity was 13.01 GW, up 12.93% year-on-year, with 7.65 GW of distributed projects and 5.36 GW of centralized projects.

It is worth noting that among distributed projects, the newly installed capacity for the domestic market was 5.86 GW, an increase of 280% year-on-year. It has become the major source of newly installed capacity in the first half of 2021.


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