Hoshine Silicon Metal Output Surges with Export Growth and Industrial Demand

Hoshine’s silicon metal output rose 38% in 2024 amid global demand and strong polysilicon sector performance.
0
Hoshine Silicon Metal Output Surges with Export Growth and Industrial Demand
Hoshine Silicon Metal

Record Production Reflects Strong Global and Domestic Market Support

Hoshine silicon metal output surged to 1.87 million tonnes in 2024, a 38% increase from the previous year. The Chinese producer also boosted sales by 21% to 1.23 million tonnes amid strong demand from the polysilicon and aluminium alloy sectors. Exports grew 29% to 725,000 tonnes, driven by renewed interest from global buyers, while domestic use climbed 22%, including a 25% rise in the polysilicon segment.

Silicon Market Strengthens as China’s PV Sector Expands

The broader Chinese silicon metal market also expanded, with national production reaching 4.72 million tonnes—up 28% year-on-year, according to CNIA data. Contributing to this growth was a 28% increase in installed photovoltaic (PV) capacity in the first half of 2024, reaching 277.57GW. This surge supported greater silicon demand, particularly in renewable energy and industrial alloy applications.

2025 Outlook: Efficiency Over Expansion

Despite 2024 growth, Hoshine warns of lower polysilicon run rates in 2025 due to surplus capacity and weak wafer demand. As a result, silicon metal demand may taper off. However, Hoshine plans to phase out outdated equipment and invest in energy efficiency upgrades. In 2024, its silicon metal production operated at 153% capacity utilization due to technology enhancements and recovery improvements. The firm also holds 1.73 million t/yr of organosilicon capacity.

The Metalnomist Commentary

Hoshine’s output expansion highlights China’s silicon dominance in both energy and industrial applications. Yet, rising inventories and softer wafer demand in 2025 may shift the focus from volume to operational efficiency. Strategic upgrades and export growth remain crucial for sustaining competitiveness.

No comments

Post a Comment