{"id":45353,"date":"2020-12-03T05:37:48","date_gmt":"2020-12-02T19:07:48","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=45353"},"modified":"2020-12-03T05:37:48","modified_gmt":"2020-12-02T19:07:48","slug":"daqo-trina-solar-mb1785","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/daqo-trina-solar-mb1785\/","title":{"rendered":"Daqo Inks Polysilicon Supply Deal With Trina Solar"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone size-full wp-image-45354\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/daqo-polysilicon-trina.jpg\" alt=\"Daqo polysilicon and Trina Solar\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/daqo-polysilicon-trina.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/daqo-polysilicon-trina-300x158.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/daqo-polysilicon-trina-1024x538.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/daqo-polysilicon-trina-768x403.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>China&#8217;s Daqo New Energy has entered into another huge polysilicon supply agreement with a major solar panel manufacturer. <!--more--><\/p>\n<p>Daqo New Energy is a major player in the polysilicon game, with a stated nameplate annual polysilicon production capacity of 70,000 tonnes (higher now &#8211; see below). At 1 kilogram of polysilicon per solar panel (including waste), that works out to enough for around 70,000,000 <a href=\"https:\/\/www.solarquotes.com.au\/panels\/\">solar panels<\/a>.<\/p>\n<p>Under the arrangement announced on Monday, Daqo New Energy will supply <a href=\"https:\/\/www.solarquotes.com.au\/panels\/trina-review.html\">Trina Solar<\/a> with 30,000 &#8211; 37,600 tonnes of high-purity mono-grade polysilicon out to the end of December 2023.<\/p>\n<p>Commenting on the deal, Chairman of Trina Solar Jifan Gao <a href=\"http:\/\/ir.xjdqsolar.com\/index.php?s=\/Index\/newsdetail\/id\/314\">said<\/a>:<\/p>\n<blockquote><p>&#8220;We are pleased to enter into a long-term partnership with Daqo New Energy. This will help us better execute our strategy, which is to provide advanced solar PV products and solutions with higher efficiency so as to address fast growing demand in solar PV market, drive grid parity and benefit society through green energy.&#8221;<\/p><\/blockquote>\n<p>Prices for the polysilicon will be negotiated by both parties each month according to market conditions.<\/p>\n<p>And just on that note&#8230;<\/p>\n<h2>Polysilicon Spot Price Update<\/h2>\n<p>After dropping to below $7\/kg in the second quarter of 2020 due to the COVID-19 pandemic, <a href=\"https:\/\/www.solarquotes.com.au\/blog\/polysilicon-solar-prices-mb1640\">polysilicon spot prices jumped<\/a> following a series of explosions that occurred at a plant belonging to another polysilicon production giant, GCL-Poly, in July. Also in July, a small fire occurred at a Daqo polysilicon plant.<\/p>\n<p>In addition to this temporary loss of production capacity, other manufacturers were reportedly ordered by the Chinese government to implement additional safety measures, impacting their productivity.<\/p>\n<p>The spot price for polysilicon reached around $12.50\/kg by mid-September before the situation started improving. According to an update from <a href=\"https:\/\/www.bernreuter.com\/polysilicon\/price-trend\/\">Bernreuter Research<\/a> published earlier today, the polysilicon spot price was sitting at $10.59 per kg.<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-45355 aligncenter\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/polysilicon-price-history.jpg\" alt=\"Polysilicon spot prices\" width=\"700\" height=\"346\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/polysilicon-price-history.jpg 700w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/polysilicon-price-history-300x148.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<h2>A Solid Third Quarter For Daqo<\/h2>\n<p>In other recent news from Daqo New Energy, the company <a href=\"http:\/\/ir.xjdqsolar.com\/index.php?s=\/Index\/newsdetail\/id\/313\"> announced<\/a> its unaudited third quarter 2020 results early last week. Daqo reported its polysilicon production volume was 18,406 tonnes in Q3 2020, compared to 18,097 tonnes in Q2. Sales volume was 13,643 tonnes in Q3, compared to 18,881 tonnes in Q2.<\/p>\n<p>Longgen Zhang, CEO of Daqo New Energy, was pretty pleased with the result given the circumstances.<\/p>\n<p>Daqo expects to have churned out approximately 19,500 to 20,500 tonnes of polysilicon during the fourth quarter and approximately 75,800 to 76,800 tonnes for the year. The boost for this quarter has been attributed to completion of a project enabling the company to continuously fine tune process control. Mr. Zhang <a href=\"http:\/\/ir.xjdqsolar.com\/index.php?s=\/Index\/newsdetail\/id\/313\">said<\/a> as well as achieving higher production volume this quarter, the company expects a potential cost reduction of approximately 3% as compared to the third quarter.<\/p>\n<p>Aside from Trina, Daqo supplies other big names in the solar panel manufacturing game &#8211; including <a href=\"https:\/\/www.solarquotes.com.au\/panels\/longi-solar-review.html\">Longi<\/a>. Back in 2019, the company hammered out a deal that involved <a href=\"https:\/\/www.solarquotes.com.au\/blog\/daqo-longi-polysilicon-mb1168\/\">Daqo supplying Longi<\/a> with 38,400 metric tonnes this year and in 2021. Between just Trina and Longi, that accounts for a big chunk of Daqo&#8217;s current production capacity. The company announced <a href=\"http:\/\/ir.xjdqsolar.com\/index.php?s=\/Index\/newsdetail\/id\/308\">plans for expansion in September<\/a>, including a new facility with annual production capacity of 35,000 tonnes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s Daqo New Energy has entered into another huge polysilicon supply agreement with a major solar panel manufacturer.<\/p>\n","protected":false},"author":17,"featured_media":45354,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-45353","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Daqo Inks Polysilicon Supply Deal With Trina Solar<\/title>\n<meta name=\"description\" content=\"China&#039;s Daqo New Energy has entered into another huge polysilicon supply agreement with a major solar panel manufacturer.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solarquotes.com.au\/blog\/daqo-trina-solar-mb1785\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daqo Inks Polysilicon Supply Deal With Trina Solar\" \/>\n<meta property=\"og:description\" content=\"China&#039;s Daqo New Energy has entered into another huge polysilicon supply agreement with a major solar panel manufacturer.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/daqo-trina-solar-mb1785\/\" \/>\n<meta property=\"og:site_name\" content=\"SolarQuotes Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SolarQuotes\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-02T19:07:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/12\/daqo-polysilicon-trina.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Michael Bloch\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solar_quotes\" \/>\n<meta name=\"twitter:site\" content=\"@solar_quotes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/daqo-trina-solar-mb1785\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/daqo-trina-solar-mb1785\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Daqo Inks Polysilicon Supply Deal With Trina Solar\",\"datePublished\":\"2020-12-02T19:07:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/daqo-trina-solar-mb1785\\\/\"},\"wordCount\":507,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/daqo-trina-solar-mb1785\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2020\\\/12\\\/daqo-polysilicon-trina.jpg\",\"articleSection\":[\"General Solar &amp; 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Polysilicon is a high purity, polycrystalline form of silicon that is used as a raw material in\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Daqo polysilicon","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/polysilicon-daqo-longi.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/polysilicon-daqo-longi.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/polysilicon-daqo-longi.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/04\/polysilicon-daqo-longi.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":39960,"url":"https:\/\/www.solarquotes.com.au\/blog\/daqo-polysilicon-report-mb1533\/","url_meta":{"origin":45353,"position":3},"title":"Daqo Powers Ahead With Polysilicon Production","author":"Michael Bloch","date":"May 21, 2020","format":false,"excerpt":"Daqo New Energy has claimed another successful quarter for its polysilicon activities, with production volume up around 22% and sales volume up nearly 44% on Q4 2019. Daqo New Energy is a major producer of polysilicon (aka multicrystalline silicon or poly-Si) , which is a high purity polycrystalline form of\u2026","rel":"","context":"In &quot;General Solar &amp; Storage News&quot;","block_context":{"text":"General Solar &amp; Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Daqo New Energy polysilicon","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2020\/05\/daqo-polysilicon.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":56767,"url":"https:\/\/www.solarquotes.com.au\/blog\/daqo-polysilicon-plant-mb2265\/","url_meta":{"origin":45353,"position":4},"title":"Daqo Solar Polysilicon Plant Pilot Production Powers Ahead","author":"Michael Bloch","date":"December 8, 2021","format":false,"excerpt":"News of new solar polysilicon production kicking in is certainly more exciting than it was eighteen months ago. The cost of polysilicon, a material needed to manufacture photovoltaic cells used in solar panels, has skyrocketed in the past year or so. 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Polysilicon is a material used in the manufacture of photovoltaic cells used in solar panels. 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