{"id":48400,"date":"2021-03-15T05:16:21","date_gmt":"2021-03-14T18:46:21","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=48400"},"modified":"2021-03-15T05:16:21","modified_gmt":"2021-03-14T18:46:21","slug":"polysilicon-prices-panels-mb1914","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/polysilicon-prices-panels-mb1914\/","title":{"rendered":"Solar Panels: Polysilicon Price Pressure Persists"},"content":{"rendered":"<p><img decoding=\"async\" class=\"alignnone size-full wp-image-48401\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-prices.jpg\" alt=\"Polysilicon prices and solar panels\" width=\"1200\" height=\"630\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-prices.jpg 1200w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-prices-300x158.jpg 300w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-prices-1024x538.jpg 1024w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-prices-768x403.jpg 768w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p>What does the ongoing increase in the cost of polysilicon used in the production of solar panels mean for Australian solar buyers in 2021?<!--more--><\/p>\n<p>After falling below USD $7\/kg in the second quarter of last year due the initial impacts of COVID-19, <a href=\"https:\/\/www.solarquotes.com.au\/blog\/polysilicon-solar-prices-mb1640\">polysilicon spot prices shot up<\/a> following a series of explosions at plant owned by polysilicon production giant GCL-Poly in July 2020. That month, a fire also occurred at the plant of another polysilicon manufacturing goliath, Daqo New Energy.<\/p>\n<p>Prices reached around $12.50\/kg by mid-September before the situation started improving. <a href=\"https:\/\/www.solarquotes.com.au\/blog\/daqo-trina-solar-mb1785\/\">In early December<\/a>, the polysilicon spot price was sitting at $10.59 per kg.<\/p>\n<p>But this year has seen prices head north again to even higher levels than last year. There has been a significant spike from below $12\/kg in February to $13.56\/kg last week according to an update from <a href=\"https:\/\/www.bernreuter.com\/polysilicon\/price-trend\/\">Bernreuter Research<\/a>.<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-48403 aligncenter\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-price-march-21.jpg\" alt=\"Polysilicon prices March 2021\" width=\"700\" height=\"343\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-price-march-21.jpg 700w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-price-march-21-300x147.jpg 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>This time last year, polysilicon spot prices were well within the $8 &#8211; $9\/kg range.<\/p>\n<p>Daqo New Energy Corp is one of the world&#8217;s biggest producers of polysilicon. The company <a href=\"http:\/\/ir.xjdqsolar.com\/index.php?s=\/Index\/newsdetail\/id\/317\">has been doing very well<\/a>\u00a0 from these price increases, but Daqo<span class=\"article-content\"> Chief Executive Officer<\/span> <span class=\"article-content\">Longgen Zhang<\/span><span class=\"article-content\"> commented last week polysilicon supply will continue to be very tight throughout this year.<\/span><\/p>\n<p><a href=\"https:\/\/www.solarquotes.com.au\/panels\/\">Solar panels<\/a> weigh around 21kg and while silicon is the star material, it only makes up around 550g of a panel &#8211; or a bit over 1kg if wastage is taken into account. So, it&#8217;s not a huge amount; but &#8230;<\/p>\n<h2>Shortages Not Confined To Polysilicon<\/h2>\n<p><a href=\"https:\/\/www.solarquotes.com.au\/panels\/jinko-solar-review.html\"> JinkoSolar<\/a> vice president Dany Qian recently <a href=\"https:\/\/www.pv-magazine.com\/2021\/03\/03\/solar-modules-prices-rose-by-up-to-15-in-china-jinkos-vice-president-says\/\">stated<\/a> solar panel prices have risen significantly in China since the second quarter of last year due to the tight supply of not only polysilicon, but also glass, silver and module frames. Solar cell and panel manufacturers don&#8217;t operate on huge margins, so upstream pricing pressure is being passed down to buyers.<\/p>\n<p>And while a bunch of manufacturers have expanded and are continuing to expand solar panel and cell production capacity &#8211; including Jinko, <a href=\"https:\/\/www.solarquotes.com.au\/panels\/longi-solar-review.html\">Longi<\/a> and <a href=\"https:\/\/www.solarquotes.com.au\/panels\/trina-review.html\">Trina<\/a> &#8211; having enough capacity to meet demand has also been a challenge. Ms. Qian says panel prices will continue to increase for the next 6 months or longer.<\/p>\n<h2>Impact On The Cost Of Going Solar In Australia<\/h2>\n<p>The good news is the situation isn&#8217;t increasing the <a href=\"https:\/\/www.solarquotes.com.au\/panels\/cost\/\">cost of solar in Australia<\/a> &#8211; yet. In fact, the cost per watt of a full system installation has dropped significantly since the same time last year.<\/p>\n<p>So, how have Australians been protected from these price rises?\u00a0 We can thank the strength of the Australian dollar against the US greenback.<\/p>\n<p><img decoding=\"async\" class=\"size-full wp-image-48404 aligncenter\" src=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/australian-dollar.png\" alt=\"Australian vs. US dollar\" width=\"700\" height=\"215\" srcset=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/australian-dollar.png 700w, https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/australian-dollar-300x92.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/p>\n<p>A strong Australian dollar will continue to provide a buffer as materials supply and manufacturing issues are being sorted out, but if the last year or so has taught us anything it&#8217;s to expect the unexpected.<\/p>\n<h2>Added Note On Polysilicon<\/h2>\n<p>Raw polycrystalline silicon, usually referred to as polysilicon, is used to make <a href=\"https:\/\/www.solarquotes.com.au\/panels\/photovoltaic\/polycrystalline\/\">polycrystalline<\/a> *and* <a href=\"https:\/\/www.solarquotes.com.au\/panels\/photovoltaic\/monocrystalline\/\">monocrystalline<\/a> solar cells.<\/p>\n<p><b>Trivia:<\/b> Back in 2008, polysilicon spot prices reached a whopping USD $450\/kg.<\/p>\n<p><b>Related:<\/b> <a href=\"https:\/\/www.solarquotes.com.au\/panels\/photovoltaic\/monocrystalline-vs-polycrystalline\/\">Which Is Better &#8211; Polycrystalline Or Monocrystalline Solar Panels<\/a>?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What does the ongoing increase in the cost of polysilicon used in the production of solar panels mean for Australian solar buyers in 2021?<\/p>\n","protected":false},"author":17,"featured_media":48401,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":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":"","jetpack_post_was_ever_published":false},"categories":[678],"tags":[],"class_list":["post-48400","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 v27.5 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Solar Panels: Polysilicon Price Pressure Persists - SolarQuotes Blog<\/title>\n<meta name=\"description\" content=\"What does the ongoing increase in the cost of polysilicon used in the production of solar panels mean for Australian solar buyers in 2021?\" \/>\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\/polysilicon-prices-panels-mb1914\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solar Panels: Polysilicon Price Pressure Persists\" \/>\n<meta property=\"og:description\" content=\"What does the ongoing increase in the cost of polysilicon used in the production of solar panels mean for Australian solar buyers in 2021?\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarquotes.com.au\/blog\/polysilicon-prices-panels-mb1914\/\" \/>\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=\"2021-03-14T18:46:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2021\/03\/polysilicon-prices.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\\\/polysilicon-prices-panels-mb1914\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/polysilicon-prices-panels-mb1914\\\/\"},\"author\":{\"name\":\"Michael Bloch\",\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#\\\/schema\\\/person\\\/66afd571aa00c2e442f0192ebac2f6f1\"},\"headline\":\"Solar Panels: Polysilicon Price Pressure Persists\",\"datePublished\":\"2021-03-14T18:46:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/polysilicon-prices-panels-mb1914\\\/\"},\"wordCount\":510,\"commentCount\":2,\"publisher\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/polysilicon-prices-panels-mb1914\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.solarquotes.com.au\\\/blog\\\/wp-content\\\/uploads\\\/2021\\\/03\\\/polysilicon-prices.jpg\",\"articleSection\":[\"General Solar &amp; 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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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