L R AS Published on Monday 18 October 2021 - n° 378 - Categories:China
In brief from China: Zhonghuan over 9 months, Tongwei and LONGi prices, silicon and wafers
In brief from China: Zhonghuan's 9-month figures, Tongwei and LONGi prices, silicon and wafers
Photovoltaic wafer producer Zhonghuan announces a turnover of
for the first three quarters of 2021 of RMB 28 billion to RMB 30 billion, with annual growth of 109% to 124%. Estimated net profit will be RMB2.7 billion to RMB2.8 billion, with annual growth of 219% to 231% (or a net margin of 9% to 10%). The company attributes this success to the commercialisation of its 210mm photovoltaic panels and technical improvements that have resulted in thinner wafers and therefore lower polysilicon costs.
Chinese President Xi Jinping has said that in order to achieve the country's goals of peak carbon by 2030 and carbon neutralisation by 2060, China will publish a series of implementation plans in succession.China will successively issue a series of implementation plans and support measures in key areas and industries and build a "1+n" policy system for carbon peaking and neutralisation.
The first phase of projects with a total installed capacity of about 100 GW will start soon.
A subsidiary of Wuxi Shanghai will increase its annual production of 100,000 MT of granular silicon and 150,000 MT of nano-silicon. Granular silicon is the raw material for downstream ingots and wafers, while nano-silicon serves the upstream sector for the production of polysilicon and granular silicon.
Tongwei to raise tariffs again on 8 October.
LONGi increased its prices on 11 October: the price of M10 P-type wafers (182 mm/247 mm) is now set at RMB 6.87 per piece, an increase of 7.18% compared to the previous quotation. The price of P type M6 inserts (166 mm/223 mm) is now RMB 5.73 per piece, up 7.3% from the previous quotation, while the price of G1 type inserts (158.75 mm/223 mm) is now RMB 5.53 per piece, up 5.5% from the previous quotation.
New PV wafer manufacturer Shuangliang Eco-Energy has signed a deal to sell 1.3 billion wafers to Jiangsu Runergy between January 2022 and December 2024 for an estimated US$1.3 billion