Daqo New Energy Responds to Polysilicon Meeting and Price Hike Rumors: Unaware, Pricing Still Under Consideration

Commodity
โดย 蓝鲸财经·CN·Read original
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Daqo New Energy has responded to market rumors that polysilicon companies will hold a collective meeting tomorrow and that some manufacturers have raised their quotes, saying it is unaware of any meeting and that specific pricing is still under consideration. A reporter from Blue Whale News sought confirmation from Daqo New Energy, and the company said it is unaware of the situation. Another leading polysilicon company also said it had no knowledge. According to SMM, a domestic silicon material producer raised its quote from 37 to 38 yuan per kilogram to 40 yuan per kilogram. Daqo New Energy replied that its pricing references third-party agencies and the company is still evaluating. Previously, on August 6, eight polysilicon leaders including Tongwei Co., GCL Technology, and others signed an anti-involution initiative, pledging not to sell below industry costs. These companies together account for over 90 percent of effective domestic capacity. Analysts noted that the initiative is a form of industry self-discipline, and the extent of supply contraction and the turning point for silicon material prices still depend on subsequent quotes from leading companies and downstream acceptance.

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Tongwei Co Ltd
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Tongwei signed anti-involution pledge but no specific action or price change mentioned

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