S Korea’s Hankook to restart polysilicon production in May

13 March 2013 05:07  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Hankook Silicon plans to restart its two polysilicon plants with a combined capacity of 15,000 tonnes/year sometime in May, in response to improving market conditions, said a source close to the company on Wednesday.

The plants – a 10,000 tonne/year line and a 5,000 tonne/year line – are located at Yeosu in Jeolla province, he said.

The plants were taken off line in December last year because of poor prevailing market conditions then, the source said.

In recent weeks, however, the polysilicon market has been showing some positive signs of rising demand in China and a gradual drawdown of the global glut, according to market participants.

Polysilicon is the raw material in making solar products such as mono- and multi-wafers, mono- and multi-cells, as well as solar modules.

Spot prices of polysilicon rose by $1/kg to $16-19/kg (€12-15/tonne) FOB (free on board) NE (northeast) Asia in the week ended 6 March, while the Chinese domestic polysilicon prices gained yuan (CNY) 5,000/tonne ($804/tonne) to CNY140,000-150,000/tonne DEL (delivered) China in the same period, according to ICIS.

($1 = €0.77 / $1 = CNY6.22)

By: Felicia Loo

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