Korea’s PV industry to resume growth

South Korea’s second largest polysilicon producer Hankook Silicon with its annual polysilicon production capacity of 15,000 tons will resume operations as early as February. The manufacturer has stopped the whole operations since December 2012 when the international polysilicon prices dropped to $15 per kg.

Meanwhile, Hanwha Chemical finished construction of a 10,000-ton-capacity polysilicon plant in Yeosu late last year and is scheduled to begin commercial production within the first half of this year. Another polysilicon producer Samsung Fine Chemicals is building 10,000-ton-capacity plant in Ulsan and will likely set foot in the market within this year.

The nation’s photovoltaic (PV) industry has been turning around since late last year after being mired in the prolonged slump for over two years.

Polysilicon prices climbed for six consecutive weeks after the second week of December to $20.71 per kg as of January 15, according to the PV industry market researcher PV Insight. It marks the first time for the prices to hover above $20 in 16 months since September 2012.

The photovoltaic manufactures which use polysilicon products are also boosting their operating ratios. The nation’s ingot and wafer manufacturer Nexolon is running the entire production lines from late last year while cell manufacturer Hanwha Q.CELLS and module manufacturer Hanwha SolarOne also increased their operating ratios up to 90 percent.

For full  article, see Maeil Business.

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