The reporter learned from relevant business sources that on October 11, leading photovoltaic companies such as Tongwei Co., Ltd. and GCL Technology held a meeting in Hangzhou. The conference revealed several key messages. One is to further develop an implementation plan to limit production capacity, and promote enterprises to independently coordinate and actively suppress their own production capacity according to total market demand through market-based regulation mechanisms; second, they have clarified a set of mutual supervision mechanisms — enterprises have reached an agreement to encourage active reporting on acts that violate the country's low price dumping regulations, maliciously disrupt market economy rules, and disrupt industry order. According to reports, the conference also drew a clear price bottom line for polysilicon and components. Among them, the average cost of silicon materials shall not be less than 43,000 yuan/ton; the price of BC modules shall not be less than 0.86 yuan/W; and TopCon modules shall not be less than 0.79 yuan/W. Furthermore, the prices of export products and social procurement and bidding processes must also not fall below the above bottom line. The agency determined that production reduction plans of various enterprises in October will enter the implementation stage one after another. Supply-side contraction is expected to intensify, and the oversupply situation is expected to ease. In the later stages, attention should be paid to the actual implementation of production cuts, the pace of downstream inventory replenishment, and the verification effect of spot transactions on the price system.
Zhitongcaijing · 1d ago
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The reporter learned from relevant business sources that on October 11, leading photovoltaic companies such as Tongwei Co., Ltd. and GCL Technology held a meeting in Hangzhou. The conference revealed several key messages. One is to further develop an implementation plan to limit production capacity, and promote enterprises to independently coordinate and actively suppress their own production capacity according to total market demand through market-based regulation mechanisms; second, they have clarified a set of mutual supervision mechanisms — enterprises have reached an agreement to encourage active reporting on acts that violate the country's low price dumping regulations, maliciously disrupt market economy rules, and disrupt industry order. According to reports, the conference also drew a clear price bottom line for polysilicon and components. Among them, the average cost of silicon materials shall not be less than 43,000 yuan/ton; the price of BC modules shall not be less than 0.86 yuan/W; and TopCon modules shall not be less than 0.79 yuan/W. Furthermore, the prices of export products and social procurement and bidding processes must also not fall below the above bottom line. The agency determined that production reduction plans of various enterprises in October will enter the implementation stage one after another. Supply-side contraction is expected to intensify, and the oversupply situation is expected to ease. In the later stages, attention should be paid to the actual implementation of production cuts, the pace of downstream inventory replenishment, and the verification effect of spot transactions on the price system.
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