Leading wafer producer LONGi has replaced its previous order with Xinte Energy for 91,080 MT polysilicon, increasing the amount to 270,000 MT to be supplied by the latter now between January 2021 and December 2025. (Photo Credit: LONGi Solar)
- LONGi and Xinte Energy have announced a new polysilicon supply contract
- Under the agreement, LONGi will procure polysilicon worth RMB 19.235 billion over next 5 years
- The new contract for 270,000 MT polysilicon replaces the 2018 contract between the 2 signed for 91,080 MT
Xinte Energy Locks In Another Long Term Polysilicon Supply Deal; To Deliver 152,400 MT To Qinghai Gaojing Till December 2025 For RMB 16.9 Billion
(15. March 2021)
Xinte Energy Bags Yet Another Long Term Contract; Wuxi Shangji To Procure 70,350 MT Polysilicon Worth RMB 6 Billion Till December 2025
(25. January 2021)
Xinte Energy To Supply 32,000 MT Polysilicon To Wafer Producer Wuhai Jingyuntong New Materials Between 2019 & 2021
(31. January 2019)
World leading wafer manufacturer LONGi has placed a long-term order for polysilicon supply with fellow Chinese producer Xinte Energy with a total contract worth 270,000 metric tons (MT).
Under the contract signed, Xinte Energy will supply this amount of polysilicon between January 2021 and December 2025 negotiating purchase price on a monthly basis for a total contract value of about RMB 19.235 billion ($2.95 billion), excluding tax. Average purchase price under the deal is stated to be RMB 80,500 ($12,328) per MT.
The wafer manufacturer pointed out that its daily business needs are conducive to ensuring the company’s long-term stable supply of polysilicon.
In a stock exchange note, LONGi said this deal replaces its July 27, 2018 contract for polysilicon supply when the company placed an order with Xinte for 91,080 MT worth RMB 8.024 billion (see LONGi Signs Silicon Supply Deal With Xinte Energy).
Recently, in The Polysilicon Market Outlook 2024 Bernreuter Research said the PV module makers will continue to feel the pinch as polysilicon remains in short supply in 2021, but as new capacity comes online there may be a risk of oversupply for this critical ingredient in solar supply chain in 2022 that may intensify in 2023 (see Future Bright For Polysilicon Industry, Claims Research).