In a bit of good news, the spot price for solar grade polysilicon is dropping quite rapidly. If the trend holds, the cost of solar panels in Australia should follow suit soon-ish.

Polysilicon is used in the manufacture of conventional photovoltaic cells used in solar panels. The sought-after stuff was as cheap as chips in July last year, when it was below USD $7/kg. But a series of events including impacts from the pandemic and a couple of factory fires saw it skyrocket.

Polysilicon spot prices were as high as US$36.64/kg at the beginning of this month. But here’s what’s happened in the last few weeks as reported by Bernreuter Research.