PVTIME – On 24 December, two leading Chinese silicon producers, Tongwei and Daqo, announced production cuts.
Tongwei said that Yongxiang, its polysilicon production subsidiary, would gradually reduce its overall production while planning technical reform and testing. Currently, its production capacity exceeds 900,000MT per year.
Tongwei expects the long-term healthy development of the silicon and photovoltaic solar industries. And its move is mainly due to rising electricity prices for its factories and the dry period in the southwest in winter.
Meanwhile, Daqo, a leading producer of high-purity polysilicon for the global solar PV industry, announced that it will start technical reform and overhaul work at its production bases in Inner Mongolia and Xinjiang, and reduce production capacity in an orderly and carefully controlled manner. It has an annual production capacity of 305,000 MY of polysilicon, Daqo said.
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