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China spot polysilicon may spike on tight supply

January 31/2011

(ICIS) -- Spot polysilicon material in China is expected to fetch higher prices, following stronger deals just days before the Lunar New Year, as a burgeoning domestic solar market saps supply, traders said on Monday.


A recent 20-tonne cargo was done at yuan (CNY) 700,000/tonne ($106/tonne), or equivalent to $90.40/kg (?66.90/tonne) ex-works, up from a previous spot deal that was sealed at CNY630,000/tonne, or equivalent to $81.70/kg ex-works, traders said.


Meanwhile, contract polysilicon deals ranged from $81-82/kg in China, they said. The bulk of polysilicon deals were agreed on a term basis, leaving spot supply scarce at a time of robust demand from solar module makers in China, traders said.


Polysilicon is the raw material used to make cells in solar panels.


The Lunar New Year will start on Thursday, with businesses across China closing for the festive holidays until next week.


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