Daqo, a China-based solar PV polysilicon producer, reported a decline in both production and sales volumes for Q3 2024. According to the company, polysilicon production dropped to 43,592 metric tons (MT) from 64,961 MT in Q2 2024. Sales volume also fell slightly to 42,101 MT, down from 43,082 MT the previous quarter. The average selling price (ASP) decreased to $4.69 per kilogram, compared to $5.12 in Q2, due to market adjustments. Despite these declines, Daqo reduced its gross loss to USD 60.6 million, a significant improvement from the USD 159.2 million loss in Q2. Revenue reached USD 198.5 million, slightly down from USD 219.9 million in the prior quarter. For Q4 2024, Daqo expects production between 31,000 MT and 34,000 MT, aiming for an annual total of 200,000 MT to 210,000 MT while accounting for scheduled maintenance.
Daqo sees lower polysilicon production and sales for Q3 2024
Polysilicon ASP dropped to $4.69 per kilogram, indicating pricing pressure in Q3 compared to Q2’s $5.12. (Image Source: SOLARbytes)
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