In the middle of the night of October 12, the self-media “Taiwa Energy” released news that on October 11, leading domestic photovoltaic companies such as Tongwei and GCL held a closed meeting in Hangzhou to draw a price bottom line for polysilicon and components, and emphasized that the prices of export products and social procurement and bidding processes are also not lower than the above price bottom line. Among them, the conference agreed that the average cost of silicon materials, including tax, must not be less than 43,000 yuan/ton; lower than this price is considered low dumping; on the component side, the price of BC components must not be less than 0.86 yuan/W, and TopCon components must not be less than 0.79 yuan/W. On the morning of October 13, the relevant person in charge of GCL Technology confirmed the holding of the above closed meeting. The head of GCL Group stated, “As long as it is not lower than this price, there will definitely be no loss; otherwise, no one will set this threshold.”

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