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Season’s Greetings! With the expectation the Chinese government may release new subsidies for solar projects, there is renewed optimism in the solar silicon wafer market. The latest industry news is bullish on solar demand with a forecast of potentially greater than 50GW annual demand to the year 2022. While market prices for Polycrystalline and Monocrystalline wafers remain at an all-time low, we believe the market for PV grade silicon has come close to hitting bottom and is poised to trend up in the near future.

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