New Plan to Restrict Silicon Material Capacity Under Consideration

Sources from relevant companies report that on October 11, leading photovoltaic firms including Tongwei Shares and GCL Technology held a meeting in Hangzhou. The gathering revealed several key points: first, the implementation of capacity restrictions will be further formalized, with market-based mechanisms encouraging enterprises to autonomously manage and proactively suppress their own production based on total market demand; second, a mutual supervision mechanism was established, where companies agreed to encourage reporting of violations such as state-subsidized dumping, malicious disruption of market rules, or disturbance of industry order. It is reported that the meeting also set clear price floors for polysilicon and modules: the average cost-inclusive price for silicon material must not fall below 430,000 yuan per ton; BC module prices must not drop below 0.86 yuan per watt, while TOPCon modules must not go below 0.79 yuan per watt. Additionally, prices for export products and those in social procurement or bidding processes must also adhere to these floors. (Securities Times)