[Hebei] Polysilicon prices plunged.

Recently, oversupply led to a plunge in raw material polysilicon prices in the solar photovoltaic industry, but JA Solar, the world’s largest solar cell manufacturer under the Hebei Jinglong Group, recently stated that due to the signing of long-term contracts with suppliers, raw material price reduction may give the company To compete for disadvantages.

Hebei solar energy industry sources said that due to the dramatic expansion of production capacity, coupled with European countries continue to cut the subsidy price of solar photovoltaic installations, the current photovoltaic industry growth slowed significantly, the price of polycrystalline silicon wafers also fell sharply. According to statistics of the United States Bloomberg, since June, the spot price of global solar grade polysilicon has plummeted by 28%. Jingao Company stated that the price of polysilicon raw materials may decline further, but it is difficult to negotiate new prices with suppliers, which will weaken the cost competitiveness of battery products.

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