Daqo units protected five-year polysilicon supply handle China

• China's Daqo New Energy Corp (NYSE: DQ) stated on Thursday that 2 of its units have actually been awarded a five-year contract to supply high-purity polysilicon to a huge solar production business in China.

The bargain was landed by subsidiaries Xinjiang Daqo as well as Inner Mongolia Daqo. Under its terms, both companies will supply 57,600 tonnes of high-purity mono-grade polysilicon to the unnamed client. The materials will certainly be accomplished via December 2027.

Daqo New Energy noted that the actual rates of the shipments will certainly be negotiated on a month-to-month basis according to the market problems.

"As one of the clients' preferred top quality polysilicon distributors, we are effectively positioned to greatly gain from the healthy and balanced as well as sustainable development in the solar PV sector and also outperform our competitors with our extremely efficient procedures as well as first-rate quality," said Longgen Zhang, CEO of Daqo New Energy.

Daqo New Energy has an overall polysilicon nameplate capacity of 105,000 tonnes. Last month, the Chinese group was acquired to supply 150,300 tonnes of high-purity polysilicon to the solar wafer company of China's Shuangliang ECo Energy Systems. It likewise won a six-year order to supply 432,000 tonnes of mono-grade polysilicon to an unnamed solar product maker.