2020-10-16 05:06:40 DQ Daqo New Energy
10/16/20 10/1605:06 10/16/2005:06 | Daqo New Energy sees FY20 polysilicon production 75.000-76,00 MTDaqo New Energy announced updates to its previous polysilicon sales guidance for Q3 and production guidance for FY20. The company estimates that its polysilicon sales to external customers during Q3 were approximately 13,643 MT, as compared to the previous guidance of approximately 17,000 MT to 17,500 MT. Polysilicon's average selling prices, or ASPs, have been increasing rapidly since July. Current market ASPs for mono-grade polysilicon are approximately $11.5~$12.5/kg, an improvement from approximately $7.0~$7.5/kg in Q2, The rise in ASPs, especially in September, caused postponement of purchasing orders from some customers. However, entering into October, the company is seeing orders and product deliveries resuming to normal levels. The company expects the inventory built up temporarily in September will be sold in Q4, as it expects to see strong end-market demand both domestically and abroad. In addition, the company completed annual maintenance and resumed to full production in August. It produced approximately 18,406 MT of polysilicon during Q3, exceeding the previous guidance of 17,500 MT to 18,000 MT. The average total production cost and cash cost in the third quarter are expected to be approximately $5.82/kg and $4.88/kg, respectively. The ASP in Q3 is expected to be approximately $9.13/kg, compared to $7.04/kg in the second quarter of 2020. The company also updated its full year polysilicon production guidance and now expects to produce 75,000 to 76,000 MT of polysilicon in 2020. |
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