Shanghai Securities Journal reported China’s largest solar polysilicon producers held a closed-door meeting and agreed a price floor. The meeting created a mutual-supervision and whistleblower mechanism to target below-cost dumping, malicious market disruption and other conduct that distorts the market. Participants also agreed a concrete plan to cap and reduce capacity, using market-based coordination for firms to align output with total market demand and proactively restrain their own capacity

Shanghai Securities Journal reported China’s largest solar polysilicon producers held a closed-door meeting and agreed a price floor. The meeting created a mutual-supervision and whistleblower mechanism to target below-cost dumping, malicious market disruption and other conduct that distorts the market. Participants also agreed a concrete plan to cap and reduce capacity, using market-based coordination for firms to align output with total market demand and proactively restrain their own capacity. Market participants said the Hangzhou meeting moves the industry from consensus to implementation of a "no sales below cost" norm. Nonetheless, persistent polysilicon oversupply means a durable price recovery likely requires actual capacity exits.