Our Rise Era

Chapter 210 We have completely lost the pricing power!

8 month 12 day.

The evening breeze blew the American flag outside the window.

The flag flutters in the wind...

The same meeting room as five years ago, with the same people sitting there.

only……

Five years ago, when the agreement was presented to the Chinese photovoltaic giant to sign the contract...

In the conference room, people were toasting and celebrating.

Five years later……

The silent silence lingers in everyone's heart.

Everyone stared at the figure standing next to the big screen in front of them with serious expressions.

"Did they really succeed?"

"This joke is not funny at all."

A voice broke the silence.

Max, the major shareholder of [MEMC], took a deep breath, tried to keep himself calm, and forced a smile on his face.

Facing his problem...

On the big screen, Ivan Kelly, chief technology officer of [MEMC], did not respond to Max's words. Instead, he lowered his head and silently looked at the polysilicon that he had just received from [Shenglan Technology].

It is no different from the polysilicon produced by [MEMC] company!
But the purity...

Seems higher!

Ivan Kelly's silence made the smile on Max's face gradually stiffen.

After a moment, his throat trembled, and he wanted to say something, but couldn't say anything. Then, he walked uncontrollably to the edge of the screen in front of him.

Alvin Kelly silently handed the analysis data to Max.

Max took the analysis report with trembling hands...

Parameters and data came into Max's eyes one by one, and in an instant, they swept through his heart like a raging wave.

Then, he lowered his head and glanced at the polysilicon wafers below him...

"When did they break through?"

"..."

He stared at Alvin Kellett.

Alvin Kelly shook his head.

Over the past year...

No one knows when China made a breakthrough in the field of [polysilicon]...

Whether it is the Chinese photovoltaic giants [Yingli] and [Suzhou Deshang] that are scrambling to find them [MEMC] to cooperate and constantly purchase polysilicon...

In February of this year, when they slightly adjusted the price of [polysilicon], countless Chinese companies seemed to be crazy and desperately rushed to buy their [polysilicon], and at one point they grabbed [polysilicon] to the point where their production capacity collapsed...

or...

The crazy trend of [polysilicon] follows the crazy rush of Chinese photovoltaic giants. After the global supply is in short supply, [MEMC] cooperates to establish branches in many places in Europe and the United States, but it still cannot satisfy the hungry market trend. It seems that in just half a year, [polysilicon] is like electronic gold, and its popularity and market have completely surpassed the photovoltaic market before 07...

……

Everything seems to be telling MEMC and several European and American polysilicon giants that batch after batch of fat lambs from China are climbing onto the dining table!
Greed not only made capital lose its direction, but also made many people in the top management of [MEMC] lose their way. They invested in production like crazy, preparing to make a fierce cut at the commanding heights, just like they did five years ago.

In June, some people came to their senses and realized that the market demand was not that great. Some even said that MEMC’s production in the past six months had already used up two years’ worth of production capacity all at once…

but……

Can't stop!
It should be said that countless capitals with red eyes rushed into the market and got into the cage fiercely, once again pushing the market, which already had overcapacity, to its highest point.

....................................

"It's over!"

"It's over!"

"Damn it, we're done!"

"The polysilicon from [Shenglan Technology] is not real!"

"Absolutely not true!"

"..."

When [polysilicon] started to skyrocket in February this year...

After just a few months from $51, it quadrupled to $200!

...

Some small and medium-sized capitals from China are excited, but they remain rational!

Some of them sold [polysilicon] in time...

however……

From $200 to $300, and then to $400...

The speed is getting faster and faster!

The entire market is close to going crazy!
Those small and medium-sized investors who once sold at $200 have completely regretted it and gone completely crazy!

Don’t they know that there are dangers behind the skyrocketing polysilicon market?
They knew it, and they even calmed down and invited all the analysts to analyze the international polysilicon market and the future trends of polysilicon.

However, they still purchased [polysilicon] again!
When huge benefits are placed in front of you, rationality is often replaced by greed.

There is never a shortage of gamblers in this world!
Five years ago, the price of polysilicon suddenly skyrocketed, and countless investors made a fortune from it.

Five years later, [polysilicon] prices skyrocketed again. The same batch of companies from five years ago once again flocked to [MEMC] to seek cooperation. Some emerging Chinese photovoltaic companies even seemed to have learned no lesson at all. For the sake of the European and American markets and for the raw materials of [polysilicon], they signed five-year or ten-year contracts!

even……

China's commerce department has specially sent people to negotiate in many places in Europe and the United States because of the price increase of [polysilicon]!

……

All the plots are very similar, history is like reincarnation, and is placed in front of everyone!
It seems that they are all explaining one thing, that is...

Without polysilicon technology, China's frantically expanding industries can only kneel down desperately and beg for fire, just like five years ago. ...

Kneeling down is useless!

The most essential thing in this world is the survival of the fittest, and the winner takes all!

Everyone wants to be the winner!
Capital is crazy!

In addition, this time the photovoltaic industry boom is even more ferocious than five years ago!

The $600/kg benchmark began to flow out from Wall Street, and was then led by the global polysilicon giant [MEMC] and the Western polysilicon factories, and finally distributed to the analysis tables of every small and medium-sized capital...

After seeing the benefits, they rushed into the meat grinder of this market like wild beasts, ready to wait until the baseline of $600!

We are ready to wait for more and more large-scale photovoltaic industries in China to take over...

Sell ​​in one fell swoop!
however……

In this fight!
No one had ever thought that the food that was once fat on the table would suddenly tear off its disguise and finally reveal its fangs!
"The polysilicon in our warehouse, the silicon material factory we put into production, and our machines, are they all wasted?"

"Tell me, is it?"

"Can our machine really work?"

"..."

[Huari Investment] is the craziest among these investors.

At this moment, General Manager Liu Hengyang stared at the data on the desktop, and his voice was almost squeezed out from his throat!
The company behind [Huari Investment] is [Wuyang Food Co., Ltd.]...

Since the millennium, [Wuyang Food Co., Ltd.] has gradually acquired China's [instant noodle industry], and at one point forced the former [Zheng's Food Co., Ltd.] into a corner.

The general manager Liu Hengyang had led the acquisition of [Zhengshi Food Co., Ltd.] in 07. Although the acquisition was not successful, he made great contributions to [Wuyang Food Co., Ltd.] in China and eventually became one of [Wuyang Food Co., Ltd.]'s agents in China. In late 08, he established [Huari Investment]...

This investment in [polysilicon] is the first major project worth over 5 million RMB that he has led!

but……

No one expected that the project, which was thought to double the funds on hand and make Hua Ri Investment famous, would collapse overnight!
They have stockpiled a large amount of polysilicon...

They purchased machines provided by European and American companies!

They invested in one silicon material factory after another...

……

then!

at this moment!
Everything collapsed!
"Boss Liu, even if the machine works, it's useless..."

"Almost all of China's established companies have signed a 20-year polysilicon procurement agreement with Shenglan Technology!"

"in other words……"

“No one wants our [polysilicon] anymore!”

"Everything we have on hand is discarded garbage!"

"..."

When Liu Hengyang heard this, his eyes widened!
Immediately afterwards...

He slumped down on the chair, staring at the ceiling in a daze.

..........................................

This was a stranglehold that had been planned for nearly a year!

This is a strangulation!

With the joint promotion of China's established photovoltaic companies, nearly 1000 emerging photovoltaic companies in China eventually rushed into the meat grinder!
As more and more Chinese photovoltaic companies enter the meat grinder...

For example, there are nearly 30 companies like [Hua Ri Investment] behind Liu Hengyang, and the investment is far more than 10 billion...

……

[International polysilicon prices plummet! ]

[In one day, the price dropped from over $500 to $400. The global semiconductor industry has encountered an unprecedented impact of overcapacity! Nearly 2500 emerging polysilicon companies have been paralyzed...]

[Parts of China's photovoltaic industry suffered heavy losses...]

[Many Chinese capitals were hit! ]

[The European and American polysilicon industry market is close to collapse, and many [polysilicon] executives cannot bear the blow and jump off buildings! ]

【…】

【…】

Germany.

business department.

Bailey hurriedly pushed the door open.

Looking at the leader of the Ministry of Commerce, Kerry was staring blankly at the distant window.

As she came in, he turned his head, his face terribly pale.

"Mr. Carrey, we..."

"We have completely lost our pricing power, haven't we!"

"..."

"The Chinese people, apart from those emerging photovoltaic enterprises, other established photovoltaic industries are extremely united and are determined not to use our [polysilicon]. Is this what you mean?"

"..."

"After they used pricing to drive our assembly industry into collapse, they now not only control the source of materials, but also the market. As for our local companies, huh? There are no companies left to resist them now. Is that what you mean?"

"..."

His voice sounded like a series of questions.

Echoing in the office.

In the office...

But there was no response.

(End of this chapter)