Prices of Polysilicon Expected to Rise Due to Production Cuts in China
Recently, sharp changes in price forecasts for polysilicon, a key component for solar panels and semiconductors, have reverberated through stock markets and among analysts. This shift in expectations is attributed to new decisions made by Chinese manufacturers to reduce production volumes. These measures, aimed at maintaining market stability, raise concerns about a potential shortage of this critical material in the near future.
Analysts predict that the decrease in production could lead to a shortage of polysilicon, subsequently driving up its market price. Just last month, the market already witnessed a significant increase in prices, and according to one market expert, this is just the beginning. With the growing demand for solar energy and the ongoing development of energy storage technologies, polysilicon will remain in the spotlight among producers.
In China, the world's largest producer of polysilicon, companies face various challenges, including high resource costs and the impact of government regulation. The planned production cuts may also impact the solar energy sector, which has already been suffering from price fluctuations.
Investors and experts are calling attention to possible changes in China's market policy that may influence global supplies – this impact is expected to be particularly significant in the context of the continuing increase in interest in renewable energy sources worldwide.
