South Korea’s KCC to restart JV polysilicon plant in mid-Aug

18 July 2012 05:00  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s KCC will restart its joint venture polysilicon plant at Daejuk in mid-August, a source close to the company said on Wednesday.

The 3,000 tonne/year plant, known as Korea Advanced Materials (KAM), is 51%-owned by KCC, with the remaining share held by Hyundai Heavy Industries.

The plant was shut in the beginning of July for maintenance, the source said.

KCC operates another 3,000 tonne/year polysilicon plant at the same site.

The plant has been shut since December 2011, with no plans to restart it in the near term, the source said.

The polysilicon market is very weak now, and we are unable to match buying indications heard in the market, the source added.

Polysilicon prices on a FOB (free-on-board) NE (northeast) Asia basis were at $19-22/kg ($19,000-22,000/tonne) (€15,390-17,820/tonne), and yuan (CNY) 140,000-160,000/tonne for the week ended 11 July, according to ICIS data.

($1 = €0.81 / $1 = CNY6.37)

By: Samuel Wong

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