On Monday, polysilicon futures, which had been dormant for a long time, suddenly exploded. The main force, the 2609 contract, rose and stopped during the day. Against the backdrop of today's decline in most major domestic commodity futures contracts, the strong performance of polysilicon is particularly remarkable. According to SMM's understanding, the most immediate reason for all of this is still policy promotion. On July 31, the General Administration of Market Regulation carried out price compliance guidance for the photovoltaic industry in Yancheng City, Jiangsu Province, implemented decisions and arrangements to further rectify “internal” competition, and promoted the transformation of photovoltaic companies from “price competition” to “quality competition”. The week before, the China Photovoltaic Industry Association just issued the “General Rules for the Cost Accounting Model for the Photovoltaic Industry”. After the new regulations introduced a unified cost accounting model, the supervisory authorities will carry out price enforcement against the actual production costs of enterprises and strictly investigate and punish deliberate low price dumping. After the meeting, most polysilicon manufacturers began implementing the “seal and stop quoting” measures over the weekend, and they still did not release quotes on Monday morning. With sentiment boosted, polysilicon prices may remain strong in the short term.

On Monday, polysilicon futures, which had been dormant for a long time, suddenly exploded. The main force, the 2609 contract, rose and stopped during the day. Against the backdrop of today's decline in most major domestic commodity futures contracts, the strong performance of polysilicon is particularly remarkable. According to SMM's understanding, the most immediate reason for all of this is still policy promotion. On July 31, the General Administration of Market Regulation carried out price compliance guidance for the photovoltaic industry in Yancheng City, Jiangsu Province, implemented decisions and arrangements to further rectify “internal” competition, and promoted the transformation of photovoltaic companies from “price competition” to “quality competition”. The week before, the China Photovoltaic Industry Association just issued the “General Rules for the Cost Accounting Model for the Photovoltaic Industry”. After the new regulations introduced a unified cost accounting model, the supervisory authorities will carry out price enforcement against the actual production costs of enterprises and strictly investigate and punish deliberate low price dumping. After the meeting, most polysilicon manufacturers began implementing the “seal and stop quoting” measures over the weekend, and they still did not release quotes on Monday morning. With sentiment boosted, polysilicon prices may remain strong in the short term.