2023, the new grid-connected installed capacity of PV in China reached a new high of 78.42 GW , almost catching up with the annual total of 87.41 GW in 2022 . Driven by the new installed capacity, the shipment volume of polysilicon also reached a new high. From January to June 2023, the shipment volume of the five leading polysilicon companies exceeded 500,000 tons .
According to the statistics of the Digital New Energy DataBM. Com, the data of polysilicon shipments in the first half of 2023 are taken as the standard. The top five polysilicon production enterprises are Tongwei Co., Ltd. , GCL Technology Holdings Co., Ltd. , Xinte Energy Co., Ltd. , Xinjiang Daxin New Energy Co., Ltd. and Xinjiang Oriental Hope New Energy Co., Ltd .
Tongwei shares
Tongwei shares ranked first. In the first half of 2023, Tongwei's polysilicon shipments reached 177 thousand and 700 tons , an increase of 64% over the same period last year, leading the industry. As a leading enterprise in the global polysilicon industry, Tongwei shares rapidly increased the market supply of N-type materials in response to changes in market demand, and the shipment of N-type products increased by 447% year on year . As of June 2023, the company's annual production capacity of polysilicon exceeded 300000 tons . In August
2023, the company's "Yongxiang Energy Technology Phase I 120000 tons of high-purity silicon project" entered trial operation, with the project put into operation, by the end of this year, the company will form an annual production capacity of more than 420000 tons of polysilicon.
Xiexin Technology
, ranked second, shipped 89,600 tons of polysilicon in the first half of the year, up 153.82% from the first half of 2022.
It is worth mentioning that Xiexin Technology Heavy Pressure Granular Silicon has previously disclosed in its annual report that it will completely stop production of rod-shaped silicon by the end of 2023. According to the company's semi-annual report, in the first half of 2023, the company's production of granular silicon reached 82400 tons , while the production of rod-shaped silicon gradually decreased, with only 28700 tons in the first half of the year. The total production capacity of granular silicon projects in operation and under construction has reached 400000 tons .
As early as 2011, Zhu Gongshan, chairman of Xiexin Group, and the company's decision-making level decided to "start a new stove" and focus on the new revolutionary path of the new generation of polysilicon preparation technology-the preparation of granular silicon by silane fluidized bed method. Why stick to granular silicon? First, consider their own core competitiveness; second, reduce costs and increase efficiency; third, green development. In the first half of this year
, Xinte
Energy shipped 86 thousand and 100 tons , an increase of 80.50% over the same period last year. In the first half of the year, the production of polysilicon in Xinte Energy increased significantly. The main reason is that the company's 34000 tons/year technical transformation project of Ganquanbao base polysilicon production line in Xinjiang and 100000 tons/year high-purity polysilicon green energy circular economy construction project in Inner Mongolia have been completed in 2022 and released in 2023.
Daqo Energy
, which ranked second at the end of 2022, ranked fourth this time, with a shipment volume of 76,800 tons . Compared with the first half of last year, the company's polysilicon shipments in the first half of 2023 increased by only 0.59% under the influence of factors such as actively digesting inventory and the capacity climbing stage of production projects in the first half of the year. With the increase of polysilicon production capacity in the second half of the year, it is expected that the company's polysilicon shipments in the second half of the year will be higher than those in the first half of the year, and the company may return to the top three in the industry by the end of this year.
Dongfang hopes
that the shipment scale of polysilicon in the first half of 2023 will be 65 thousand to 75 thousand tons . The company's polysilicon project and supporting projects with an annual output of 125,000 tons in Shizuishan City, Ningxia are expected to be put into operation in the second half of the year, and by the end of 2023, the company's production capacity will reach 255,000 tons.
Market outlook: The new production capacity is fierce.
Although the ranking of the top five in the polysilicon industry has been adjusted in the first half of the year, the overall shipment volume is steady and steady, and is still dominated by the five traditional leaders. However, from the second half of the year, the market competition will become more intense.
Digital New Energy DataBM. Com tracked and learned that by the end of August, the total planned capacity of polysilicon projects under construction in China had reached nearly 5.7 million tons , most of which were planned to be put into operation between 2023 and 2025. Although many projects may stagnate or terminate due to the actual situation, the overall amount to be released is still not a decimal.
At the same time, the Digital New Energy DataBM. Com predicts that the national polysilicon production capacity will reach 2.9 million tons by the end of 2023, and the production capacity to be put into operation in the second half of the year will exceed 1.4 million tons . In terms of shipments, by the end of 2023, China's polysilicon enterprises are expected to ship more than 1.2 million tons.
In addition, in addition to the old players speeding up the pace of production expansion, there are many new polysilicon players in the new round of polysilicon expansion campaign, and many investments are also quite large, such as the industrial silicon leader Hesheng Silicon Industry Ganquanbao and Shanshan polysilicon projects totaling 400000 tons . According to public information, it will be put into production at the end of 2023 and the first quarter of 2024. The heavy entry of a large number of new players is bound to push the leaders of the silicon industry to rearrange their seats.
In addition, the photovoltaic industry is currently experiencing a technological change from P-type batteries to N-type batteries. As the core raw material of photovoltaic cells, silicon materials are also facing higher requirements for product quality. High-quality N-type materials will become an inevitable choice for battery/silicon wafer manufacturers in the short and medium term.
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