China’s top eight polysilicon producers, controlling more than 90% of effective Chinese polysilicon capacity, have signed an industry pricing and capacity-discipline initiative.
Eight of China’s largest polysilicon producers have reportedly signed an industry initiative pledging not to sell photovoltaic products below their full cost, as Beijing steps up efforts to curb destructive price competition across the solar supply chain.
The agreement was signed in Shanghai on the evening of Aug. 6 by Tongwei, GCL Technology, Daqo New Energy, Xinte Energy, Asia Silicon, Xinjiang East Hope New Energy, Qinghai Lihao Clean Energy and Xinjiang Goens Energy Technology, according to a released signature page.
Together, the eight companies are estimated to account for more than 90% of China’s effective polysilicon production capacity.
Under the initiative, participating companies pledged that sales prices, including bids submitted in tenders, should not fall below the corresponding costs calculated under China’s newly introduced General Rules for the Cost Accounting Model of the Photovoltaic Industry.
