"Science and Technology Innovation Board**" on December 14 (reporter Yu Jiaxin).On the evening of December 13, Daqo Energy announced that the company recently signed an agreement with the people of Shihezi City, the Management Committee of Shihezi Economic and Technological Development Zone and Xinjiang Tianfu Energy Co., Ltd. to invest in the construction of the "Daqo Energy Silicon-based New Material Industrial Park Project" in Shihezi City, Xinjiang.
According to the announcement, the total investment of the project is 15 billion yuan. The first phase of the project plans to invest 7.5 billion yuan to build a project with an annual output of 50,000 tons of polysilicon and supporting 150,000 tons of industrial silicon and 1.2 million round silicon cores; The second phase plans to invest 7.5 billion yuan to build a project with an annual output of 50,000 tons of polysilicon and supporting 150,000 tons of industrial silicon and 1 million round silicon cores.
For the above expansion plan,The reporter of the "Science and Technology Innovation Board" called the Daqo Energy Department as an investor, and its staff said that there is no clear timeline for the project to reach production.
In terms of specific considerations, the above-mentioned person mentioned, "The announcement actually has three parts, the first is the industrial silicon project, which mainly wants to ensure the stability and reliability of the first chain through raw materials, because the cost and quality of industrial silicon will greatly affect the polysilicon link; For the expansion of compass core, this is mainly to take the low-value and value-free powder produced by the previous rod silicon in the crushing process to make the compass core, so as to become a part of the silicon rod, so that the value will be significantly improved. ”
StillFor the polysilicon project, the staff member said, "In this part, we will still start the project in a timely manner according to the market situation, and there is no clear start plan yet." It further said that considering that the construction period of polysilicon will take about 12-18 months, the company has also had a precedent of expanding against the trend, that is, expanding production at the bottom and then waiting for the industry to pick up production capacity.
The reporter of "Science and Technology Innovation Board**" noticed that in addition to expanding production, Daqo Energy also postponed the polysilicon project. At the same time, since the beginning of this year, listed companies including Tongwei, TCL Zhonghuan and CSG A have vied to announce changes in their polysilicon-related projects, including project postponement and termination of fundraising.
At the end of October this year, Daqo Energy announced that it decided to postpone the date of the second phase of the 100,000-ton high-purity polysilicon project of its wholly-owned subsidiary to the second quarter of 2024. It is understood that the above project was originally planned to be completed and put into operation by the end of this year.
In this regard, the staff of Daqo Energy ** Department told the reporter of "Science and Technology Innovation Board**", "This is mainly due to the market environment and supply and demand relationship, and the project is currently progressing normally." ”
Since the beginning of this year, competition in the photovoltaic industry has continued to intensify. According to data from the Ministry of Industry and Information Technology, from January to October this year, polysilicon and module products fell by 60% and 40% respectively.
Feng Fan, a non-ferrous metals analyst at Yide**, said that from 2023 to 2024, whether it is compared with wafer consumption expectations or global new installed capacity expectations, polysilicon** may continue to have a surplus.