The high prosperity of the trichlorosilane industry is expected to continue

Recently, a number of listed companies with trichlorosilane production capacity disclosed the latest developments
of related projects.
Some companies said that they will reasonably plan trichlorosilane production capacity
based on their own strategies and market conditions.
According to institutional statistics, the total planned new polysilicon production capacity announced in China exceeds 3 million tons, and it is expected that China's polysilicon production capacity will reach 720,000 tons, 1.
25 million tons and 1.
75 million tons
respectively from 2022 to 2024.

Industry insiders said that trichlorosilane products are divided into photovoltaic grade and ordinary grade according to quality and use, and downstream applications correspond to polysilicon and silane coupling agents
.
Under the background of the successive production of polysilicon plants, the photovoltaic grade trichlorosilane industry, which is one of the core raw materials, may continue to be prosperous
.

Listed companies increase their layout

In recent years, the photovoltaic and other new energy industries have developed rapidly, and polysilicon manufacturers have expanded production
.
Benefiting from the booming supply and demand of the photovoltaic industry, many companies have increased their layout of photovoltaic-grade trichlorosilane projects
.

On November 13, Sanfu Co.
, Ltd.
issued an announcement that the company's new "trichlorosilane project with an annual output of 50,000 tons" has been successfully started, the operation is stable, all technological processes have been opened, and the project has entered the trial production stage
.
The company said that the commissioning of this project is conducive to improving the scale effect of the company's trichlorosilane products, further enhancing the market competitiveness of the company's products, and helping to meet the downstream market demand and the supporting needs
of the company's internal products.

In addition, Sanfu issued an announcement in early June this year that it planned to build an "annual output of 72,200 tons of trichlorosilane expansion project"
.
According to the company, the project is an expansion of the "50,000 tons per year trichlorosilane project" and is scheduled to be completed
in the first quarter of next year.
After the completion of the project, the company will have three independently operated trichlorosilane production units, and the production process adjustment will be more flexible
.

Sanfu revealed on the interactive platform that the company's current production capacity of trichlorosilane is 65,000 tons per year, of which photovoltaic grade trichlorosilane accounts for about 70%.

The company's new "trichlorosilane project with an annual output of 50,000 tons" and "trichlorosilane expansion project with an annual output of 72,200 tons" have a higher degree of automation and higher distillation capacity, lower material consumption and higher comprehensive utilization of energy than the company's existing trichlorosilane production equipment, which is conducive to the precise control of the production process, and can theoretically achieve a higher proportion
of photovoltaic grade products.

On October 14, Hongbai New Materials announced that the company plans to invest 5.
2 billion yuan in Ruichang Wharf Industrial City to build a "green new material recycling industry project" and increase the layout of photovoltaic grade trichlorosilane, electronic grade silane and other high value-added products
.
In order to better implement the aforementioned projects, the company plans to invest 100 million yuan to set up a wholly-owned subsidiary in Ruichang City to further accelerate the company's development strategy and improve the layout
of the whole industry chain.
On November 14, Hongbai New Materials revealed on the interactive platform that the company's second set of 50,000 tons of trichlorosilane equipment is being debugged and is progressing normally, of which photovoltaic grade trichlorosilane has been trialed by customers
.

Xin'an Co.
, Ltd.
said that the company's current production capacity of trichlorosilane is 65,000 tons, and the new base of Kaihua special silicone is planned to build 60,000 tons, which is scheduled to be put into operation
by the end of 2023.

The supply of photovoltaic grade trichlorosilane is tight

The downstream application of photovoltaic-grade trichlorosilane is polysilicon production
.
At present, the domestic production enterprises that can provide photovoltaic grade trichlorosilane are relatively limited
.

From the supply level, according to Baichuan Yingfu statistics, China's existing effective annual production capacity of trichlorosilane is about 566,000 tons, most of which is mainly for enterprises' own use, of which the total annual production capacity of photovoltaic grade trichlorosilane is only 165,000 tons
.
According to incomplete statistics, from the level of listed companies, only a few companies currently have photovoltaic grade trichlorosilane production capacity
.

From the demand side, in the context of green energy transformation, the photovoltaic industry has ushered in new development opportunities, and domestic polysilicon companies have seized the opportunity to expand
rapidly.
Data show that trichlorosilane plays a role in supplementing chlorine in the polysilicon production process, and each ton of polysilicon needs to consume 0.
3 tons to 0.
5 tons of trichlorosilane, which will vary according to different process levels
.
Industry insiders believe that according to the current production rhythm of polysilicon, from the fourth quarter of this year to the beginning of next year, the supply of photovoltaic grade trichlorosilane may be tight
.

Polysilicon capacity expansion boosted demand
for trichlorosilane.
Recently, the price of trichlorosilane has shown an upward trend
.
According to Baichuan Yingfu data, the current average market price of photovoltaic grade trichlorosilane is about 22,000 yuan / ton
.
Baichuan Yingfu expects that the market price of photovoltaic grade trichlorosilane will continue to rise
.

According to the CITIC Securities Research Report, according to the expansion plan of polysilicon manufacturers from 2022 to 2023, there may be a gap
in the supply of photovoltaic-grade trichlorosilane.
The high prosperity of the photovoltaic grade trichlorosilane industry is expected to continue until the second quarter
of 2023.
Guosen Securities Research reported that with the commissioning of multiple polysilicon plants, the demand for trichlorosilane will increase significantly, optimistic that the future polysilicon production capacity will continue to be put into the high prosperity of the trichlorosilane industry
.