Polysilicon Drops 4% in a Week, New Energy Finance Says

The spot prices of polysilicon, the raw material used in most solar panels, declined 4 percent in the past week, Bloomberg New Energy Finance data shows.

The average selling price, which has been falling since August, dropped to $33.03 per kilogram in the week through Nov. 7, according to the London-based research firm’s survey. Polysilicon makers such as Renewable Energy Corp. ASA and Wacker Chemie AG (WCH) have seen spot prices tumble 58 percent since March as subsidy cuts reduced demand for solar panels in Europe, the world’s biggest market. At the same time, manufacturers have ramped up production capacity.

To contact the reporter on this story: Alex Morales in London at amorales2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.