Daqo New Energy saw both production and sales of polysilicon increase by around 50% in 2023 compared with 2022
company produced 197,831 metric tons (MT) of polysilicon in 2023, up 47.8% year-on-year (YoY) from 133,812MT in 2022. YoY polysilicon sales rose 50.5% to 200,002MT in 2023, up from 132,909MT the previous year
across 2023 the average selling price (ASP) of polysilicon tanked, from US$32.54 in late 2022 to US$7.97/kg in Q4 2023
“Q4 saw solid demand from customers for our high-quality n-type polysilicon,” he said. “In total, we shipped 59,392MT of polysilicon for the quarter, leaving our finished goods inventory at a very low level of less than one week of production volume across our two facilities
Looking forward to 2024, Daqo forecasts ever-greater polysilicon production: “We plan to begin initial production at our new Inner Mongolia 5B facility in Q2 2024, and as such we anticipate full year 2024 production volume to be approximately 280,000 MT to 300,000 MT, approximately 40% to 50% higher than in 2023,” Xiang Xu said.