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Daqo (DQ)

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Not really.  RMB quotes always have 13% VAT included, that's the way prices are quoted in China.

PVInsights has mono-grade in China at $7.07.  That's consistent with the RMB quote if you take out the VAT:
http://pvinsights.com/

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hum, but stabilized now,small steps up 3 days now.

rehum,  in pvinsigt i see 8,57/7,07; and -, not +???

on   6,10 production costs , what do you think, what price is necessary for reasonable profit?

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thank's. so by 7 they have now aprox 0. hum, and all others, if with aprox 6,5-7 productions costs must go aprox bankrupt.sud-east asia has  7,x productions costs....market share benefice only. a propos, do you know the productions cost out of china, in usa, europa?

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Today there are 5 big polysilicon producers in China who account for roughly 70-80% of global supply.  Industry economics is now pretty much determined by the competition among them at very similar production costs of $6-7/kg and cash costs roughly $1 below that.  All other polysilicon producers (i.e. tier 2 Chinese plus the international players) are pretty much insignificant at this point and have no much bearing on global prices.

Edited by Klothilde
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19 hours ago, Klothilde said:

All other polysilicon producers (i.e. tier 2 Chinese plus the international players) are pretty much insignificant at this point

hum,  wacker chemie is german,  polysilicon producer. with some troubles in 2019:impairement of polysilicon assets 760 m EUR, polysilicon sales 780 m, polysilicon ebidta 57 m, that's 7%. outlook low single digits grow, same?! ebidta marge(03.2020

trading update , polysilicon : lower volumes,sligtly lower prices.

 

Edited by jacques

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10 hours ago, jacques said:

hum,  wacker chemie is german,  polysilicon producer. with some troubles in 2019:impairement of polysilicon assets 760 m EUR, polysilicon sales 780 m, polysilicon ebidta 57 m, that's 7%. outlook low single digits grow, same?! ebidta marge(03.2020

2019 Polysilicon EBITDA excluding €112.5M insurance compensation for 2017 Charleston accident is -7%.

Q1 2020 Polysilicon EBITDA is -7%:
https://www.wacker.com/cms/media/asset/about_wacker/investor_relations_2/publications_1/2020/q1/wacker_q1_2020_presentation.pdf

Q1 average mono-grade spot price on PVInfolink = $9.3/kg (73RMB/kg incl. VAT)
Current average mono-grade spot price on PVInfolink = $7.4/kg (59RMB/kg incl. VAT)

Conclusion: Wacker is SUPER TOAST.  Q2 EBITDA will be dismal.  Only a matter of time and pride until they get out of the polysilicon industry.

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