Brief: REC Silicon Q2 Gas Sales Volumes Up At 849 MT

Rec Silicon ASA

15/08/2023 06:20

Aug 15 (Reuters) - REC Silicon ASA  RECSI.OL :
    * TOTAL POLYSILICON SALES VOLUMES FOR Q2 WERE 184 MT
    * SILICON GAS SALES VOLUMES FOR Q2 WERE 849 MT COMPARED TO 640 MT DURING PRIOR QUARTER
    * MARKET OUTLOOK: CAPITAL SPENDING IS FORECASTED TO REMAIN DOWN IN THE SECOND HALF OF 2023
    * MARKET OUTLOOK: SOLAR INSTALLATION DEMAND IS FORECASTED TO INCREASE COMPARED TO 2022,
HOWEVER,
THE REVISED PROJECTION IS NOW POINTING HIGHER THAN THE 24 PERCENT REPORTED LAST QUARTER
    * MARKET OUTLOOK: MARKET FOR SILICON GASES USED IN SEMICONDUCTOR MANUFACTURING IS EXPECTED
TO
START ITS RECOVERY IN THE THIRD QUARTER OF 2023 AS ANALYSTS ARE REPORTING THAT MOST MARKETS
REACHED THE BOTTOM IN THE SECOND QUARTER
    * MARKET OUTLOOK: OUTLOOK FOR SILICON GAS DEMAND IN THE PHOTOVOLTAICS MARKET REMAINS STRONG
FOR
THE BALANCE OF THIS YEAR
    * DEMAND FOR OUR PRODUCTS FROM SEMICONDUCTOR MARKET APPEARS TO BE APPROACHING A STABILIZED
BOTTOM,
HOWEVER EXCESSIVE INVENTORIES OF SOME GASES AND MATERIALS STILL NEED TO BE REMOVED FROM VALUE
CHAIN

Source text for Eikon:  ID:nMFNkp6Ys 
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