As the end of the year approaches, the upstream segment of the photovoltaic Industry Chain, specifically polysilicon, has sounded the horn for a "reverse oversaturation" and is implementing a "self-discipline" agreement through production cuts. This evening, both Tongwei Co.,Ltd and Daqo Energy announced that they will gradually initiate phased production reductions and maintenance on some of their high-purity polysilicon production lines. Additionally, sources from GCL TECH revealed that the company will also enter into production reduction maintenance work during the same period. Industry analysis indicates that silicon material prices are currently at their lowest point, with limited room for further decline. However, even in this stable state, polysilicon still faces the situation of "selling more but losing more," as capacity clearing is not meeting expectations. Major companies are beginning to seek "self-help" through "self-discipline," restoring upstream prices above Cash / Money Market cost through production cuts, which is beneficial for reducing operational losses in high-purity silicon business. (Financial Alliance News)
以减产换减亏?三家硅料龙头同日披露检修计划 光伏“反内卷”力度再加强
Reduce production to reduce losses? Three leaders in the silicon material industry revealed their maintenance plans on the same day, strengthening the push against oversaturation in the photovoltaic sector.
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