PV companies outperform in H1
Monday, July 26, 2021 3:05 AM

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BEIJING, Jul. 26, 2010 (Xinhua News Agency) -- Among China's 47 listed photovoltaic (PV) electricity generation firms, 26 of them have released or forecasted the performance results in the first half of this year, and 80 percent, or 21 firms, expected revenue growth, according to Wind Info, a China-based financial data and software provider.

Market analysts said the firms that enjoyed better performance in the first half of 2010 were mainly silicon PV wafer and cell producers, due to low costs and high sales prices. With the rebound of polysilicon price in July, polysilicon producers, particularly high-purity polysilicon producers, are forecasted to see juicy rewards.

Rebound of the international PV market boosted prices of solar silicon wafers since March, when the solar silicon wafer and cell price grew 20 percent from February.

When the polysilicon price kept weak, sales price of PV products edged up, which will prop up the business revenues and gross profits of the PV firms in the first six months of the year.

Global solar power market is forecasted to top 12.2GWp in 2010, said an international consultant firm.

According to Solar Energy, the value of world's solar power market will reach 30 billion U.S. dollars this year.

Bright international outlook greatly comforted China's PV firms; some of them started production expansion, and more investors are expected to be lured by the market.

Industrial experts hold optimistic opinion on the prospect of the PV sector in the second half of this year.

The growth of mid- and downstream PV product price also boosted up the price of polysilicon, raw material of the PV industry. In July, international polysilicon price grew from 50 U.S. dollars to 52 U.S. dollars per kilogram to 60 U.S. dollars to 65 dollars per kilogram.

A Chinese PV producer said that the present PV terminal market has expended about two-fold from 2008, and the output capacity of polysilicon increased 50 percent over that in 2008. Since the PV industry is in full-load production this year, and the supply-and-demand of polysilicon will be tense.

Besides, signs of undersupply of high-purity polysilicon have been seen, and the price of polysilicon is forecasted to reach 70 U.S. dollars to 80 U.S. dollars per kilogram.

Accordingly, industrial insiders began to worry about the cost pressure in the second half of this year, but polysilicon providers are expected to enjoy outstanding performance for tight supply.

But some analysts believe that considering China's oversupply of polysilicon in 2009, it is unlikely for the overall surge of polysilicon price.

According to PV firms, if the costs rise too high, they will have to lift the product price. (Edited by Luo Jingjing, luojj@xinhua.org)



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