According to foreign media reports, due to the price cuts of China's peers above 2/3, Renewable Energy Corp. ASA (REC-NO) (hereinafter referred to as REC), the second largest polysilicon manufacturer in Europe, is planning to close another company. Polysilicon factory. This is the second polysilicon plant that the company has closed in the past five weeks. REC said in a statement issued on Tuesday that it will close its Nora Polysilicon production line in Norway in the second quarter of this year and cut 460 employees. REC CEO Ole Enger pointed out in a statement that excessive capacity expansion from Asian manufacturers has led to overstocking. The price of polysilicon is also constantly refreshing the lowest record. According to data from Bloomberg New Energy Finance, polysilicon prices last week were already at a record low of $24.27 per kilogram, far less than the $475 in 2008. According to the data of Netease Finance from domestic polysilicon enterprises, 80% of the global polysilicon market demand comes from China, and China's domestic actual production capacity will reach about 1230,000 tons as of 2012, covering all domestic market demand. On the other hand, according to China Customs data, China imported more than 60,000 tons of polysilicon in 2011, most of which came from the United States and South Korea. Also suffering from price competition caused by overcapacity, China's major polysilicon manufacturers are planning to jointly launch a double-reverse investigation application to the United States and South Korea.
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