PHOTON Consulting has announced that the Company has launched The PHOTON Consulting Silicon Price Index (PCSPI), the first non-tradable, U.S. Dollar denominated market index designed to benchmark global spot and contract prices for high-purity silicon, a critical feedstock for the solar power industry.
The Index is offered for informational purposes only as a subscription-based service.
Built on sound research principles and featuring a consistent reporting schedule, the Index was developed to provide producers, consumers and investors with greater visibility into a global silicon market that has been historically challenged by a lack of pricing transparency.
PHOTON Consulting Head of Silicon Research, Hilary Flynn, stated, "The market for silicon has changed dramatically in recent years.
"Rising prices, increasing price spreads and quality variation, rapid volume growth and new sales dynamics have created significant uncertainty for companies selling silicon, users purchasing silicon and investors in silicon production.
"We wanted to create a mechanism – a trust worthy reference service – to address this market need."
She continued, "The PCSPI represents a critical first step to real-time spot and contract pricing in the future and we are thrilled to be an agent for change by helping to increase pricing visibility in the silicon."
