| While seeing surging polysilicon price trends in both the contract and spot market, industry players commented that a clearer price trend should be seen in June and July, as companies that are expected to catch up with the solar system incentive program in Spain, should have completed their deployments by then.
Polysilicon spot price has continued to surge recently, with spot quotes having hit US$450-470, resulting in a corresponding silicon wafer price of US$9.50-9.70, according to industry sources. Many industry players find the price levels of polysilicon and silicon wafer unreasonable.
Most industry players explained the rocketing price to demand stimulated by the solar system installation incentive program in Spain, which is about to expire in September. System makers, who are striving to meet their schedules to avoid possible fines or violate contracts, are the key polysilicon demand drivers in the spot market, the industry players pointed out.
As system makers should have solar modules ready for installation in June and July, a clearer status of contracts should provide a clearer price trend in the polysilicon spot market, the industry players said. Companies meeting their schedules should lessen their reliance on the spot market by then.