05.08.2013: China aims to make its polysilicon manufacturing sector more competitive by eliminating half of the country’s production capacity and investing in technological upgrades for the sector’s most promising companies. Three quarters of China’s solar-grade polysilicon producers are expected to be shut down as a result of the reforms, reports Reuters. China’s polysilicon sector, which has around 40 companies employing 30,000 people, suffers from low quality and chronic over-capacity as local governments invested heavily to feed a fast-growing solar panel industry. China aims to cut off support that had been propping up struggling producers; instead it will focus on accelerating technological advancement in the sector to weed out inefficient producers and »nurture a batch of internationally completive producers.« Industry insiders expect the move will reduce China’s polysilicon production capacity to about 100,000 metric tons a year. This will leave just 10 or so relatively strong companies that have better technology and cost efficiency. As smaller polysilicon producers, with average annual capacity of a few thousand metric tons, are pushed out, the likely winners will be larger producers such as GCL Poly, TBEA Co. Ltd., China Silicon Corp. and Daqo New Energy Corp, reports Reuters. The shake-out is already underway: several producers in the northwestern province of Ningxia and in eastern China's Zhejiang province have already filed for bankruptcy. Polysilicon prices have plunged to below $20 per kg from a 2008 peak of almost $400. © PHOTON http://www.reuters.com http://www.reuters.com/article/2013/07/31/us-china-solar-polysilicon-i
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