China's leading polysilicon producers pledge to stop below‑cost sales

On the evening of August 6, eight of China’s largest polysilicon manufacturers signed an industry initiative in Shanghai. The signatories – Tongwei, GCL Technology, Daqo New Energy, Xinte Energy, Asia Silicon, Xinjiang East Hope New Energy, Qinghai Lihao Clean Energy and Xinjiang Goens Energy Technology – together account for more than 90% of the country’s effective polysilicon capacity. They committed that all photovoltaic product sales, including tender bids, will not be priced below the costs calculated under the newly released General Rules for the Cost Accounting Model of the Photovoltaic Industry.

The pledge follows a July 31 price‑compliance meeting led by the State Administration for Market Regulation and the Ministry of Industry and Information Technology. Participants also agreed to report any suspected below‑cost sales to the China Photovoltaic Industry Association and regulators, and to phase out high‑energy‑consumption, inefficient capacity in line with a mandatory energy‑consumption standard that takes effect on 1 January 2027.