Industrial Silicon Industry Information Weekly Report

Issue 12

Sichuan Nabi Silicon-based Materials Research Institute

April 29, 2022

I. Macro articles

(1) Economic Development

1. [National Development and Reform Commission: Strengthening reliability management of large wind power photovoltaic bases to prevent large-scale off-grid] The National Development and Reform Commission announced the "Measures for the Management of Electric Power Reliability (Interim)", which will be implemented from June 1. This method proposes: Large-scale wind power, solar power and other renewable energy power generation enterprises in desert, Gobi, and desert areas should establish a power reliability management system adapted to them, strengthen the reliability management of systems and equipment, and prevent large-scale power failures. network, which will affect the stable operation of the power grid. This regulation will inhibit the blindness of the expansion of investment in photovoltaic power plants.

2. [Guangdong Development and Reform Commission issued a document referring to photovoltaic power generation “stakes”] Guangdong Provincial Development and Reform Commission recorded a sharp increase in the scale of“centralized photovoltaic power generation projects. The scale of the increase in grid connection is seriously deviating from the resource conditions of Guangdong Province, and there are a series of problems such as staking, reselling land resources, and vicious competition." Increase the standardized governance in the field of photovoltaic power station investment.

3. [National Energy Administration: 13.21GW of newly added photovoltaic grid capacity in the first quarter] The National Energy Administration announced the construction and operation of photovoltaic power generation in the first quarter of 2022. The network capacity is 13.21 million kilowatts (ie 13.21GW), an increase of 1.4784% from 5.53 million KW in the first quarter of 2021. From the perspective of the composition of new installations, distributed photovoltaic installations have developed rapidly, accounting for 67.15%.

(II) Element Control

——no

(3) Currency and Capital

1. [The central bank sets a technological innovation re-lending quota of 200 billion yuan and an interest rate of 1.75%] In order to implement the decisions and arrangements of the Party Central Committee and the State Council, according to the requirements of the State Council executive meeting, the People's Bank of China established technological innovation re-lending to guide financial institutions to increase Increase support for scientific and technological innovation, and leverage social funds to promote scientific and technological innovation. The re-loan for scientific and technological innovation is 200 billion yuan, the interest rate is 1.75%, the term is 1 year, and it can be extended twice. The recipients include China Development Bank, policy banks, state-owned commercial banks, Postal Savings Bank of China, joint-stock commercial banks, etc. A total of 21 Financial institutions shall provide financial support in accordance with 60% of the principal of loans issued by financial institutions to meet the requirements of technology enterprises.

The scope of re-loan support for scientific and technological innovation includes "high-tech enterprises", "specialized and special new" small and medium-sized enterprises, national technological innovation demonstration enterprises, manufacturing single champion enterprises and other technological enterprises, and priority support is given to participating in the national science and technology plan Project enterprises, national manufacturing innovation centers, national-level specialized and special new "little giant" enterprises, leading and backbone enterprises in the national key industrial chain and key upstream and downstream supporting enterprises, participating in the establishment of innovation base platform enterprises and enterprises in national-level science and technology parks . The specific supported technology enterprises are identified according to the current standards of the Ministry of Science and Technology and the Ministry of Industry and Information Technology, and the Ministry of Science and Technology and the Ministry of Industry and Information Technology will push them to financial institutions through channels such as the National Science and Technology Innovation and Entrepreneurship Data Platform, and the National Industry-Fusion Cooperation Platform.

Judging from the science and technology support policies announced by the state recently, the identification of technological enterprises with innovative attributes will enable enterprises to enjoy policy-based resource allocation dividends.

(IV) Environmental protection and safety

——no

Second, the middle view

(1) Industry supply and demand

1, [April 29th Industrial Silicon Weekly Review ] According to the data released by the association, the price of some grades of industrial silicon fell slightly. The price of metallurgical grade fell by 200-300 yuan/ton, and the price of chemical grade fell by 100 yuan/ton. At the same time, the price of polysilicon continued to rise this week, and the price of monocrystalline dense material increased by 0.96% month-on-month; the price of aluminum alloy ADC12 fell by 200 yuan/ton, the price of organic silicon DMC fell by 500 yuan/ton, and the FOB price of industrial silicon export remained stable.

In terms of demand, although the prelude to the resumption of work and production in East China has started, due to factors such as more uncertainties in the domestic and foreign environment and the impending flood season, the willingness to purchase downstream is not strong, and the procurement pattern for rigid needs will continue to be maintained; , Affected by factors such as the continued high price of raw materials and the slight increase in electricity prices compared with previous years, the high production cost of industrial silicon has restricted the willingness to sell at lower prices; due to the increase in industrial silicon production during the flood season and the gradual lifting of epidemic prevention restrictions, downstream demand has been brought about Influenced by factors such as the Quartet and the substantial increase in domestic photovoltaic installed capacity, domestic industrial silicon demand and supply are expected to increase simultaneously, but there is great uncertainty in the degree to which overseas markets and supply chains are affected by the international situation. Therefore, it is expected that industrial silicon prices will remain stable in May. Mainly run.

(2) Technology and economy

——no

(III) Industry development trend

1. [The downstream demand for silica gel such as construction sealant continues to be strong] Recently, the leading construction sealant Silicon Bao Technology said: the downstream demand for the company's construction sealant products has not only not weakened, but is still strengthening, and the company has sufficient orders at present. In the first quarter, the company's construction rubber increased by 76% year-on-year, further consolidating its leading position in the industry. At present, while consolidating the market share of construction adhesives, the company will increase the research and market expansion efforts in the market segments such as industrial adhesives, photovoltaic adhesives and coupling agents with rapid demand growth. It plans to achieve an annual output of 160,000 tons, of which, It is planned that construction glue will increase by 30%, and industrial glue will increase by 50%.

2. [JinkoSolar: The company's self-developed 182N high-efficiency monocrystalline silicon cell has a conversion efficiency of 25.7%] JinkoSolar (688223) announced on the evening of April 27 that the company's self-developed 182N high-efficiency monocrystalline The conversion efficiency of silicon cells (TOPCon) has been certified by the third-party test of the Chinese Academy of Metrology, and the conversion efficiency of full-area cells has reached 25.7%, once again setting a new world record for the conversion efficiency of large-area N-type single crystal passivated contact (TOPCon) cells.

3. [Tongwei released production capacity announcement] Recently, Tongwei Co., Ltd. announced that: by the end of 2021, the company has built a total capacity of 180,000 tons of pure crystalline silicon and a solar cell production capacity of 45GW; In terms of capacity under construction, the Baotou Phase II project of 50,000 tons and the Leshan Phase III project of 120,000 tons are expected to be put into operation in 2022 and 2023, respectively. By then, the company's high-purity crystalline silicon production capacity will reach 350,000 tons; in terms of solar cell capacity under construction, Tonghe The second phase of 7.5GW, the second phase of Jintang, 8GW and other proposed projects are expected to be put into operation in 2022 and 2023, respectively, when the company's solar cell production capacity will reach 102GW. The company plans to reach 800-100 million tons and 130-150GW of cumulative production capacity of high-purity crystalline silicon and solar cells in 2024-2026, respectively.

4. [my country's primary epoxy silane net exports will increase significantly in 2021] According to data released by industry associations: my country's primary shape polysiloxane net exports in 2021 The export volume was 241.765 kt, an increase of 166% compared to 2020. The ratio of the average annual import price to the annual average export price is 1.64. Among them, the cumulative import volume was 133.852 kt, a decrease of 11.8% compared with 2020, and the cumulative export volume was 375.618 kt, an increase of 54.81% compared with 2020. The top five export destination countries are: South Korea, the United States, India, Vietnam and Turkey, which reached 77.23kt, 34.54kt, 25.80kt, 20.21kt and 19.39kt respectively, and the top five exporting countries accounted for 73.28%.

5. [Jiangsu Sunshine intends to invest 100,000 tons of polysilicon and supporting downstream production capacity in Baotou, Inner Mongolia] According to the announcement of Jiangsu Sunshine on April 23, the company signed the "Investment Cooperation Agreement" with the People's Government of Baotou City, Inner Mongolia, and plans to invest in Jiuyuan, Baotou The industrial park invested 20 billion yuan to build 100,000 tons of polysilicon, supporting 10GW of silicon wafers, cells and modules. At the same time, it will invest in the construction of a 10GW photovoltaic power station project.

On December 14, 2021, the People's Government of Bayannaoer City, Inner Mongolia Autonomous Region, and the People's Government of Wulateqian Banner, JiangsuSunshinethe controlling shareholder of Jiangsu Sunshine span>Group signed the framework of the whole industry chain project of photovoltaic new energy Cooperation agreement, it is planned to invest in the construction of 100,000 tons of polysilicon, 15GW of monocrystalline rods, 15GW of battery modules and Photovoltaic power station project, with a total investment of 35.15 billion yuan.

Third, microscopic articles

(1) Process and equipment case

——not yet

(II) Operation and Management Cases

——not yet